The IMF and EU suspended a review of Hungary's funding program, set up in 2008 to save the country from financial meltdown, saying it must take tough action to meet targets for cutting its budget deficit.
The nightmare of BSE (Bovine Spongiform Encephalitis – or Mad Cow Disease) is mercifully almost forgotten in the EU now. In total almost 200,000 cases of BSE were discovered in the EU. But there were only 67 cases last year and those were in very old animals probably infected many years ago.
Brazilian Foreign Trade Secretary Welber Barral flies Monday to Dominican Republic to promote bilateral and advance towards a road map for an agreement with Mercosur.
Brazilian and European business leaders gathered in Brasilia urged their governments to reach an “ambitious and balanced” trade agreement between Mercosur and the EU, and give first priority to the conclusion of the WTO Doha round talks.
The recent resumption of negotiations for a cooperation and free trade agreement between Mercosur and the European Union will be at the heart of the EU/Brazil summit scheduled to begin Wednesday in Brasilia.
The first week of negotiations in years between the European Union and Mercosur to reach a political and trade association agreement that took place in Buenos Aires did not end well.
Negotiations for a trade agreement between the European Union and Mercosur, re-launched this week in Buenos Aires, could not have a second chapter if the Argentine government insists in restrictions to food imports, said the head of the EU delegation.
Spain's ambitious six-month presidency of the EU was eclipsed by the European debt crisis which thrust the country's fragile economy into the global spotlight and weakened the Spanish government, analysts said.
The association agreement between the European Union and Mercosur has to go “beyond tariffs and subsidies”, said Brazilian president addressing businessmen from Brazil and a visiting Italian delegation headed by Prime Minister Silvio Berlusconi.
On the eve of the resumption of European Union/Mercosur trade talks, the EU has again complained about Argentina’s ‘protectionist’ measures on some EU agriculture produce and Greece is demanding discussions be conditioned to an end to barriers.