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Trade Agreement with Mercosur Does Not Mean Free Trade
Economy
Trade Agreement with Mercosur Does Not Mean Free Trade
The EU began negotiations with South America\'s Mercosur on a trade agreement in 1999. It is therefore easy to overlook how much progress has been made. In early January, the European Council authorized the signing of a partnership agreement with this South American trade bloc, whose members include Brazil, Bolivia, Argentina, Uruguay, and Paraguay.
Bulgaria and Euro: Time for Clear Vision of Growth and Prosperity
Economy
Bulgaria and Euro: Time for Clear Vision of Growth and Prosperity
Bulgaria has adopted the euro. After more than 28 years under a currency board arrangement, the country is entering a new stage of its development. The bank failures and hyperinflation of 1996–1997 wiped out people’s savings and pushed Bulgaria to the bottom of Europe, below 30% of the EU average in GDP per capita in purchasing power parity by the end of the 1990s.
Yet Another Missed Opportunity for More Free Trade and Growth in the EU
Economy
Yet Another Missed Opportunity for More Free Trade and Growth in the EU
By a narrow vote, the European Parliament has effectively blocked the entry into force of the partnership agreement with Mercosur. This is yet another failure by the EU to improve its prospects for prosperity and economic transformation. The agreement that was signed is a step in the right direction, but delaying it means accumulating lost benefits—at a time when growth in the core of the euro area is dangerously close to zero.
26 Opportunities and Threats of 2026
Politics
26 Opportunities and Threats of 2026
After recent years filled with tragic events, conflicts, and global pandemics, many of us are, above all, hoping for a breakthrough in the form of an ending. An end to populism, an end to war, or an end to the right-wing offensive launched by Trump in 2024; an offensive that has swept across Europe, both Americas, and is steadily pushing us toward an open war with Putin’s Russia.
Maduro Affair: Anti-Trump Sentiment Overshadows the Cause of Venezuelans
Politics
Maduro Affair: Anti-Trump Sentiment Overshadows the Cause of Venezuelans
The daring attack by U.S. forces on the Venezuelan regime and the arrest of dictator Nicolás Maduro sparked a wave of controversy around the world. In Poland, reactions were fairly predictable: from enthusiastic praise of Donald Trump by circles associated with the Law and Justice party (PiS), to reflexive, often complete criticism of the U.S. president’s actions from many left-liberal groups.