One of Mercosur ‘main obstacles’ is political and has its origin in Argentina, a country that is ‘extremely protectionist’, said the president of Brazil’s National Agriculture Confederation, CAN, Senator Katia Abreu currently in Brussels promoting the idea of a bilateral Brazil/EU free trade agreement.
In a strong display of support for Paraguayan president-elect Horacio Cartes, European Union ambassadors confirmed the leader will be travelling next week to Brussels, seat of the EU in what will be his first contacts out of the region.
The United States and European Union launched negotiations on one of the world's most ambitious free-trade agreements on Monday, promising thousands of jobs and speedier growth on both sides of the Atlantic.
The European Commission is seeking to up the fight against tax evasion within the European Union. The Commission wants governments to automatically exchange information on a wide range of financial income earned in their countries by non-residents.
France threatened to block the start of free trade talks between the European Union and the United States if movies and digital media are not kept out the negotiations. Two days before EU countries are supposed to give the go-ahead for negotiations France said it would veto the talks unless the sector - that it sees as crucial to its cultural identity and under threat from Hollywood - is excluded.
Uruguayan president Jose Mujica called on Spain for a more decisive role in the trade and cooperation agreement discussions between Mercosur and the European Union which have been going on for over a decade.
Chief Minister Fabian Picardo has told German readers of Frankfurter Allegmeine Zeitung that he is firmly convinced that Gibraltar will never be Spanish because today’s Europe is about the people rather than the states.
German Chancellor Angela Merkel met Pope Francis and, apparently responding to his criticism of a heartless dictatorship of the economy and the “cult of money”, called for stronger regulation of financial markets.
Wednesday’s economic growth numbers make it official: the Euro zone is in its longest recession since records began in 1995. The 17-nation economy shrank by 0.2% between January and March, compared with last quarter's decline of 0.6%, deepening the bloc's recession as economic output fell for the sixth consecutive quarter.
Credit rating agencies (CRA) such as Moody’s, Fitch or Standard & Poor’s will have to work under more strict regulations in the European Union where they could face claims if investors suffer a loss due to an infringement committed by the agency intentionally or with gross negligence, according to a European Council directive approved on Monday.