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Weekly Summaries

28th of December 2020- 3rd of January 2021

Brexit Deal

More than four years after British citizens first voted to leave the EU, Brexit is really happening: something that many people did not believe until the last minute. The UK’s transition period ended with a “Christmas Eve trade agreement.” This means that Britain is now no longer a part of the EU’s customs union and common market. However, the trade agreement means that British financial firms will lose their biggest benefit of being an EU member: the advantage of offering services across the EU from a UK base. Although at the moment it looks like the Conservatives are for the agreement, the British Prime Minister Boris Johnson may still face opposition from hard-liners and businesses. This past Wednesday, the deal was easily approved by Parliament. 

Earthquake in Croatia

A 6.4 magnitude earthquake struck in Croatia on Tuesday afternoon, killing at least six people, wounding dozens more, and leaving several towns in ruins. Tens of thousands of people were left homeless.

Other news:

  • President Trump signed a $900 billion pandemic relief deal
  • Argentina voted to legalize abortion
  • At least 16 people were killed and 60 more wounded at an airport attack in Aden, Yemen. The attack happened at the same time as an airplane with members of the newly-formed government onboard came in.

By Lilly

Hi everyone! My name is Lilly and I am a high school student based in Germany, where I am currently enrolled in the IB diploma programme. Aside from founding EconIR WEB, I am also the President of JEC Berlin. Being a student who has a deep interest and passion for economics and international relations myself, I know how challenging it can be to find ways to engage with your areas of interest. Therefore, I created EconIR WEB. I hope that through EconIR WEB we will be able to build a strong community of students who share the same passion. Cant wait for you to join!

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