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Joe Mauriceovich

(52 posts)
Wed May 20, 2020, 08:55 PM May 2020

Merkel warns against trade barriers in face of coronavirus recession

Source: Politico

By JOSHUA POSANER
05/20/2020 06:57 PM EDT

BERLIN — Countries should not resort to renationalization and protectionism in response to a "deep global recession" caused by the coronavirus crisis, German Chancellor Angela Merkel said Wednesday.

"It was ... clear that multilateralism faced a major challenge even before the pandemic, and this challenge has not become smaller," said Merkel, two days after she put forward a Franco-German plan for a €500 billion EU recovery fund.

Merkel was speaking after a videoconference with the heads of the International Labour Organization, the International Monetary Fund, the Organization for Economic Cooperation and Development, the World Bank and the World Trade Organization at which they discussed the economic response to the crisis.

"The answer to the pandemic can certainly not be to renationalize all international supply chains now; then everyone would pay a very high price," Merkel said.

Read more: https://www.politico.com/news/2020/05/20/merkel-warns-against-trade-barriers-in-face-of-coronavirus-recession-271945



More so than with any other current Western leader, I shall truly be sorry to see her go.
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Merkel warns against trade barriers in face of coronavirus recession (Original Post) Joe Mauriceovich May 2020 OP
Sounds like Merkel would support fast-tacking an EU-UK trade agreement. Steelrolled May 2020 #1
And dropping Russian sanctions. Igel May 2020 #2
This just might have something to do with Germany's positive trade balance Steelrolled May 2020 #3
She must have read the history of Herbert Hoover's protectionist policies at the onset of the Great pampango May 2020 #4
 

Steelrolled

(2,022 posts)
3. This just might have something to do with Germany's positive trade balance
Thu May 21, 2020, 12:52 AM
May 2020

Free trade working out well for them.

pampango

(24,692 posts)
4. She must have read the history of Herbert Hoover's protectionist policies at the onset of the Great
Thu May 21, 2020, 07:13 AM
May 2020

Depression. They did no good. FDR reversed them. She is more in the FDR style of internationalism coupled with "New Deal" style domestic policies.

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