Dairy farmers sprayed thousands of litres of fresh milk at the European Parliament in Brussels on Monday in protest at what they say are excessive milk quotas and prices below the cost of production.
The European Union issued on Wednesday its revised import preference scheme - known as the Generalised Scheme of Preferences (GSP) - for developing countries most in need which will take effect from 1 January 2014, revealing that all Mercosur full members, except for Paraguay, will no longer benefit.
The European Commission has adopted amendments to the proposed Regulation and Directive on insider dealing and market manipulation, following the recent LIBOR and EURIBOR scandals.
European Parliament president Martin Schulz warned this weekend that Spain's economic crisis could spark a social explosion across the continent.
A delegation from the European parliament begins this Monday an in-situ data collecting mission in Paraguay following the situation triggered a month ago when then President Fernando Lugo was impeached and removed from office, but which has caused the new regime a certain freezing of international links.
Europe's key institutions should have emergency powers to override economic and financial policies at a national level in times of crisis, Jean-Claude Trichet, former head of the European Central Bank, said on Wednesday.
European Parliament has backed a deal that will increase EU imports of beef from the US and Canada and help European food exporters. A row over growth hormones used on North American cattle ranches led to a trade war lasting more than 20 years.
European Commission President Jose Manuel Barroso urged the European Central Bank to do everything in its power to maintain financial stability in the Euro zone, saying the EU faced the biggest challenge in its 50-year history.
Several European Union objections to the current functioning of Mercosur have surfaced in documents relative to the ongoing trade negotiations round which is scheduled to have another chapter early May in Asunción, Paraguay.
Mercosur was prepared to listen to proposals on liberalizing trade, but the European Union requested more time and continue working with the negotiations, according to Mercosur delegates attending the trade talks with EU in Brussels.