US-EU FTA deal massive threat to Australia

According to this analysis, Australia's "long term change in per capita income" will be a whopping -7.4%.

Scary scenario.

Time to focus on trade with Europe?

H/T: This letter to the Lowy Interpreter

PS: This just in...

Spy row threatens EU, US trade deal


The biggest bilateral trade deal in history is at stake as controversy over whether Washington has spied on its European allies continues.

Fingers crossed... there's probably too much at stake to let it be derailed by what everyone knows goes on anyway, but you never know your luck...