The World in December 7-13

European Union meeting week

In a week of meeting of EU members, and with the 2021-2027 budget unlocked, Brexit is the next topic on the European agenda that is making its members worried, but united. The European Commission President Ursola Von der Leyen and the British Prime Minister Boris Johnson met on Wednesday to negotiate a deal but were at an impasse and postponed the decision until Sunday. A no-deal possibility is feared on both sides, and the EU and the UK have already warned of the possibility that on January 1st a deal has not been reached, leaving several markets in despair and without knowing what to do. Also, in the European agenda, new sanctions will be applied to Turkish officials, due to drilling activities by Turkey in contested waters in the Mediterranean.

Israeli-Arab relations

After Bahrain, Sudan and the United Arab Emirates had normalized relations with Israel, this week Morocco is the fourth to join this list of Arab countries. With mediation by the United States, weaving a path towards the attempt to stabilize the Middle East, it was possible to reach an agreement and establish new basis for the realization of commercial, financial and transportation agreements between the two countries. In return, the United States of America will support Morocco in its claim of sovereignty over the contested Western Sahara against the Polissario Front independence movement.

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