Angela Merkel Says Europe has Fate in Own Hands

Germany’s Chancellor Angela Merkel has rebuffed accusations of currency manipulation by U.S. President Donald Trump, warning other countries in the European Union that the future of the 28-country bloc lies in its hands.
The new U.S. president’s comments have been hard on the EU: calling it a “vehicle for Germany,” praising Brexit and criticizing the bloc’s refugee and monetary policies.
Chancellor Angela Merkel told CNBC that “Europe has its fate in its own hand” and has to focus on itself.

“I believe that the more we are clear on how we define our role in the world, the better we can manage our transatlantic relations, ,” Merkel told CNBC as she walked in to the EU leaders meeting in Malta Friday.

“That is why talking about Europe is on top of the agenda for me and not talking about other parts of the world.”

However, she avoided making further comments on the new U.S. administration, saying that such topic wasn’t on the summit’s agenda.

European leaders have gathered this Friday in Malta to discuss informally the future of the EU once the U.K. leaves the bloc, as well as its migration policy.

via CNBC

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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