Cut beef stew meat in little blocks, if not already done. Peel and slice garlic after removing the green sprout. Peel and slice onions. Slice finely the fat smoked bacon. Add bacon, onions and garlic in a nonsticky pan and brown on medium heat. Reserve.
Brown beef stew meat on each side on medium heat. Add bacon, onions, garlic, white wine, water, bay, parsley, thyme, salt and pepper (or all the ingredients except carrots!). Cover and leave to cook on low heat for 1 h 30 minutes.
In the meantime, peel and cut carrots in the form of small sticks. Extend the cooking time for 1 hour.