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Merkel defends the increase of military spending in Germany to 2% of GDP

in ECONOMY/EUROPE by

Germany will increase its military spending to 2% of the GDP. Germany will adapt in this way to what Donad Trump has asked for in NATO since he arrived at the White House, despite the fact that the Berlin government continues to describe as “errors” several of the US military decisions, such as the abandonment of the nuclear pact agreement with Iran. Merkel, who did not advance specific deadlines for these increases in defense spending, reassured with these statements certain concerns arising from the German general budgets for 2018.

After the presentation of the budgets of 2018, the Minister of Defense Ursula von der Leyen did not hide her disappointment and had requested by letter to the heads of Finance of her Government an increase of the budgetary allocation of her department. The Minister of Finance, the Social Democrat Olaf Scholz, seems to have imposed his discretion on military spending and the conservative von der Leyen has acknowledged that, in that case, Germany will have to put an end to the missions abroad that it has carried out in recent years and focus on defense inside the country.

Trump talks with Macron and Merkel about China trade practices

in AMERICAS/ECONOMY by

U.S. President Donald Trump discussed trade practices with China in calls on Tuesday with French President Emmanuel Macron and German Chancellor Angela Merkel, the White House said. Trump and Merkel also discussed “joining forces to counter” China’s economic practices and alleged intellectual property theft, the White House said, in what would be a further escalation of Trump’s trade actions against China.

The U.S. president also pushed for intensifying cooperation with Turkey on Syria in his call with Macron, according to the White House.

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