France faces a political crisis after the fall of Bayrou’s government due to censorship in the budget law. Instability worries Europe, as Bayrou is the fifth prime minister in two years. Macron must find a new leader under intense pressure, while the fractured National Assembly complicates any coalition, and early elections are feared.
The Trump administration implemented unprecedented educational reforms, reducing oversight of local practices and enforcement of disability law in public schools, prompting judicial challenges from civil rights groups, unions, and educational entities.
Since January 2025, the Trump administration has attempted to change federal education policy in K-12 education with executive orders to dismantle the Department of Education, end government equity and inclusion programs, and impose disciplinary policies in schools, actions challenged in federal courts.
The proposal seeks to recalibrate the Enhanced Supplementary Leverage Ratio to increase intermediation in low-risk markets, such as the Treasury bond market, through central clearing, without increasing risks for banking firms, and to support the recalibration of the e-SLR surcharge for GSIBs.
The European Union and Mercosur are close to a historic free trade agreement, after more than twenty years of negotiations. The alliance would involve more than 700 million people and an annual exchange of almost 100 billion euros. Environmental and agricultural issues have been addressed. Following the acceleration of conversations by the Spanish presidency of the EU Council and the interest of Brazil and Argentina, the ratification of the agreement is expected in 2025, despite opposition.
