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

DAX Edges Lower, German CPI Looms

Central Banks take Center Stage

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.