German Chancellor Says Europe Can’t Rely on US and UK

The German chancellor’s comments came after contentious meetings with US President Donald Trump at NATO and G7 summit meetings. Trump clashed with America’s allies over global warming, mutual defense and trade.



German Chancellor Angela Merkel said Sunday that Europe has to forge its own path forward, as the United States and Britain were no longer reliable partners.

“The times when we could fully rely on others have passed us by a little bit, that’s what I’ve experienced in recent days,” she said while speaking at a campaign rally in Munich.

Her reference was to the contentious G7 Summit meeting in Sicily, which ended Saturday with the world’s democratic powers divided. Most notably they were split “six against one,” as Merkel described it Saturday, on the man-made threat posed by global warming.

via DW

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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, Alfonso Esparza 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 has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. 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