EU-Mercosur Deal: The Turning Point for Global Power
The Great Hedge: Why the Mercosur Deal is a Turning Point for the EU A Turning Point: Beyond the US Current Account Deficit The EU Merkasaur deal isn't just another trade deal. This is a turning point for the European Union. And I mean an absolute turning point. Europe has begun to respond since the US absorbs around 3/4 of the global current account deficit. Diversifying away from its market is unrealistic in the short term. But for example, the Marco deal with Latin America can offer relief for exporters in which the EU becomes much more…
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