Merkel’s Chief of Staff Says Berlin Will Push for EU-US Trade Deal

German Chancellor Angela Merkel’s chief of staff is insisting that Berlin wants to press ahead with concluding a sweeping European Union-U.S. trade deal, underscoring divisions in the country’s governing coalition.

Economy Minister Sigmar Gabriel, who’s also vice chancellor and leads the center-left junior party in Merkel’s coalition, has said that trade negotiations with the U.S. “have de facto failed.”

Merkel’s conservatives, however, are standing by the Trans-Atlantic Trade and Investment Partnership. Her chief of staff, Peter Altmaier, said the government had agreed three years ago that TTIP should go ahead because it’s in Germany’s interest.

He told ZDF television Wednesday: “We will do everything to achieve TTIP. The final negotiations over the final meters will be particularly difficult — they always are — but I think we can achieve it.”

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