German Chancellor Angela Merkel is Out of Touch with the World Today
Germany is a country in crisis
German Chancellor Angela Merkel Wednesday told B20 Summit 2017 in Berlin that globalization and inclusive growth are important for the global economy.
To the G20-related business gathering, Merkel said the world is interconnected and the prosperity should be shared.
There need to create a shared mechanism that can enable all countries to benefit from globalization and to restrict risks attached.
Ms. Merkel people that Germany, as the host of Group of 20 Summit 2017, would commit to further promoting globalization and a strong, sustainable and inclusive economic growth.
Ms. Merkel reaffirmed her position against protectionism and isolationism, warning, “Anyone who tries to withdraw from international competition can perhaps deliver short-term advantages. But over the medium- and long-term, their own capacity to innovate will be weakened.”
But she also pointed to the difficulty of making progress in the G20 going forward.
“We are 20 different countries, with 20 different political systems, with 20 different development levels,” she said. “This is no simple task to get things approved.”
She even said that sometimes holding on to what has been achieved is a success, while some countries (referring to the US) are reluctant to revisit previous statements on climate change and trade.
US President Donald Trump is having no “truck” with progressive socialist Merkel. Germany without the support of the US becomes a very much lesser powerhouse.
Stay tuned…
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