The European Union will not sign the agreement with Mercosur this weekend.

European Union (EU) countries have ruled out voting on the trade agreement with Mercosur this Friday due to the blockage by France and Italy. They plan to leave the vote for January so that Rome can better study its content, so the pact will not be signed in Brazil this weekend with its Latin American counterpart as planned, diplomatic sources said. The fact of postponing the signing would be acceptable for Mercosur countries, sources indicated on Thursday, despite Brazil, which holds the rotating presidency of the Latin American bloc, having warned that "there will be no more agreement" if it was not signed this weekend. A European source said that Mercosur countries had been "informed" of the decision not to hold the vote tomorrow, as initially planned. The vote within the Council of the European Union and the subsequent signing would take place at the "beginning of January." Italian Prime Minister Giorgia Meloni told Brazilian President Luiz Inácio Lula da Silva on Thursday ...