Merkel Calls For More Sanctions on North Korea

German Chancellor Angela Merkel has urgently called for more sanctions over North Korea.In a parliamentary address Tuesday, Merkel said she would meet with European Union (EU) foreign ministers this weekend to discuss ramping up sanctions against the rogue state, which launched its latest and most powerful nuclear test on Sunday.”North Korea’s nuclear tests are a flagrant violation of all international conditions,” Merkel told the Bundestag lower house of parliament.She insisted that sanctions, which would curtail trade with the closed state, rather than conflict, would be the best way to end provocations by President Kim Jong Un.

Source: Angela Merkel: More North Korea sanctions ‘required urgently’ – CNBC

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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.