The EU is shooting itself in the foot, again

The Mercosur trade agreement needs to be adopted at last. Europe needs open markets.

The EU economy relies heavily on exports, and the global trend towards deglobalization poses a significant challenge for them. All the more urgent it would be to secure strong economic relations through free trade agreement with key partners. But the EU is currently squandering these too. The latest victim of European dithering might be the trade negotiations with Mercosur.

"Europe needs to learn that the world no longer dances to its tune," warns LBBW Chief Economist Moritz Kraemer.

To find out, which ulterior motives Kraemer suspects behind Europe's inability to endorse free trade and who the laughing third party might be, read the current issue of Kraemer's To the point.