Europe's leaders will agree on Friday to push for a free-trade pact with the United States, according to a draft joint statement, putting the onus on the White House to respond to a proposal that would encompass half the world's economic output
The EU leaders' statement raises expectations that U.S. President Barack Obama may endorse the initiative next Tuesday in his annual State of the Union speech, which presidents traditionally use to lay out their priorities for the year.
Also... Just saw this summary of the Davos Summit and thought it interesting...
Davos power rankings: Who’s up, who’s down and who’s out?
In the category of "Down"
Russia: Dmitry Medvedev gave the worst major speech of the conference. It was wooden, full of platitudes, and left nobody impressed. In response to 78 percent of Davos attendees’ voting that governance was the biggest challenge in Russia, Medvedev shrugged off negative outlooks, saying, “It’s good that the scenarios are pessimistic. Because optimistic ones can get the government carried away.” I’ve long felt that Russia, faltering economically and questionable politically, should be thrown out of the BRICs. Davos now agrees.
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