Speaking in Australia, US President Barack Obama signaled his impatience with European leaders, saying he was “deeply concerned” about the Eurozone crisis.
EU High Representative for Foreign Affairs and Security Policy Catherine Ashton has discussed with Australian Foreign Minister Kevin Rudd the launch of negotiations on an EU-Australia Framework Agreement.
According to Bloomberg, European shares suffered their biggest one-day loss on 1 November in a month, after Greece's prime minister unexpectedly called a referendum on the latest bailout deal, raising anxiety over the Eurozone debt crisis.
The European Commission does not sign the Anti-Counterfeiting Trade Agreement over doubts raised concerning its legality and the manner in which it was negotiated.
Australian Prime Minister Julia Gillard and European Commission President José Manuel Barroso sought to strengthen the new phase of co-operation between Australia and the EU on 5 September.