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The EU and South America have reached a large-scale trade agreement, with Lithium seemingly being the key.
After 25 years of negotiations, the EU and the five member countries of the Southern Common Market (Mercosur countries) - Brazil, Argentina, Paraguay, Uruguay, and the newly joined Bolivia - reached a long-awaited trade agreement on December 6. Analysts indicate that the strategic importance of lithium may have played a significant role in this major agreement. If approved by the 27 EU countries, the EU-Southern Common Market partnership will create one of the largest free trade areas in the world, estimated to cover over 0.7 billion people, accounting for approximately 20% of global GDP.
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Dutch International: If no action is taken, France's economic growth will continue to slow down.
Economists Charlotte de Montpellier and Chris Turner of ING Groep wrote in a report that the collapse of the French government would be bad news for the eurozone's second-largest economy. The minority government led by Barnier will face a vote of confidence in the French National Assembly this week. Previously, the government forcefully passed part of the budget without a legislative vote, which now seems likely to fail. Economists suggest that the collapse of the French government will compel President Emmanuel Macron to make renewed efforts to find a prime minister capable of leading the government, potentially further prolonging the political deadlock. They state
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