EU Lead Negotiator Denies Claims that TTIP Deal has Failed

The European Union’s lead negotiator in trade talks with the United States is downplaying an assertion from the German economy minister that negotiations on the proposed pact have failed.

When asked Monday by The Associated Press whether the claims were true, chief EU negotiator Ignacio Garcia Bercero said: “No, no. Remember what Mark Twain said.”

Twain once quipped that reports of his death were an exaggeration.

Economy Minister Sigmar Gabriel, who is also Germany’s vice chancellor, said Sunday: “In my opinion, the negotiations with the United States have de facto failed, even though nobody is really admitting it.”

Gabriel noted that in 14 rounds of talks on the massive trans-Atlantic pact, the two sides haven’t agreed on a single common item out of 27 chapters being discussed.

via Mainichi

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, he established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza