According to Ifo’s research results, a comprehensive agreement between the EU and the Eurasian Economic Community could lead to a 0.2 percent increase in real per capita income in the EU. “These income gains stem from the fact that the economic structures on all sides are highly complementary.” Source: Ifo Institute
US and South Korean troops have begun annual military drills amid heated warnings by the North that the exercises will worsen tensions in the region. China and Russia last week urged the US to suspend the drills in exchange for North Korea suspending its missile and nuclear tests. Source: Al Jazeera
Bulgarian Defense Minister Krasimir Karakachanov wants to protect the European Union’s external borders with arms, he said in an interview published Thursday. Karakachanov told German newspaper Die Welt that he wants NATO or EU forces in Greece and Italy to stop people from entering the continent in large numbers. Source: Greek Reporter
China’s Foreign Ministry on Wednesday once again asked India to withdraw all its troops and equipment from Chinese territory, as the border standoff in the Dong Lang (Doklam) area approaches its second month. Source: People’s Daily
