Monday 7 April 2014

Merkel Pushes U.S. Trade Deal Saying Europe Ready to Shun Putin - Bloomberg

Merkel Pushes U.S. Trade Deal Saying Europe Ready to Shun Putin - Bloomberg:



"German Chancellor Angela Merkel stepped up her support for a trans-Atlantic trade deal one day after saying that Europe shouldn’t fear the cost of imposing economic sanctions on Russia.



Merkel, in a speech opening the Hanover fair yesterday, said there’s a need for renewed momentum to kick start free-trade talks between the European Union and the U.S. A fresh “push” is needed to create a common trading zone of 800 million people that “belong together,” and it would be “an irony of world history” if the talks were to fail, she said.



As the leader of Europe’s biggest economy and Russia’s largest EU trading partner, Merkel’s stance is key to reaching a trans-Atlantic trade deal and will guide Europe’s ability to maintain a united response to Russia’s annexation of Crimea."



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