German Chancellor Prepared for Tough G20 Negotiations

July 5, 2017 Share Print 0

German chancellor Angela Merkel said on Wednesday that she was prepared for “difficult negotiations” at this week’s G20 summit in Hamburg, where she is struggling to hold the group together in the face of conflicts between European states and US President Donald Trump over trade and climate change.

But she and Chinese president Xi Jinping, who was visiting Berlin in advance of the G20, took the opportunity to signal that international economic cooperation would continue – even if Mr Trump stood on the sidelines.

Under agreements approved by the two leaders, Germany and China will jointly build a hydropower station in Angola, and Siemens, the German electronics group, is to cooperate with Chinese counterparts in digitalisation and aerospace. Meanwhile, Berlin Zoo has taken custody of two Chinese pandas, which the two leaders were later due to visit in their new home.

via CNBC

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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.