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Merkel in China Criticizes US Spy Claims

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German Chancellor Angela Merkel has voiced concern about an alleged US spy in German intelligence, in her first comments on the affair.

Speaking on a visit to China, Ms Merkel said that if the allegations about a double agent were true, it would constitute a serious breach of trust.

“It would be a clear contradiction of what I consider to be trusting co-operation” with the US, she said.

She was speaking at a news conference with Chinese Premier Li Keqiang.

It is the second day of her three-day visit, which is dominated by trade issues.

Last week a German employee of the country’s foreign intelligence service (BND) was arrested.

The man is suspected of having handed over more than 200 documents over a two-year period in exchange for 25,000 euros (£20,000; $34,000).

“If the reports are correct, it would be a serious case,” Ms Merkel said on Monday.

via BBC

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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

@alfonso_forex

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