Merkel Wary Ahead of Difficult G20 Meeting

German Chancellor Angela Merkel championed Europe, dismissed Brexit and said efforts to fight climate change are irreversible in a combative speech ahead of the Group of 20 summit that’s shaping up to be a confrontation over the direction of global policy.

Merkel, in a speech to lawmakers in Germany’s lower house of parliament on Thursday, noted that “the world has become less united” and acknowledged that discussions at the G-20 meeting in Hamburg on July 7-8 “will be very difficult.”

“The discord is obvious and it would be dishonest to paper over the conflict,” she said.

Bloomberg

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.