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

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

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