EU-U.S. trade deal seems distant dream after early optimism

When U.S. trade chief Michael Froman opened talks in 2013 on an EU-U.S. free trade deal he said he was confident it could be reached on "one tank of gas." Two years later, negotiations have all but stalled. This was to have been a unique trade deal between open, developed economies whose high wages meant trade unions did not need to fear job-sapping floods of cheap imports. Senior trade officials initially forecast talks could conclude by the end of 2014, but now they appear to be heading for the in-tray of whoever succeeds Froman's boss Barack Obama in 2017.

EU-U.S. trade deal seems distant dream after early optimism source: http://finance.yahoo.com/news/eu-u-trade-deal-seems-093602804.html