Raising False Hopes on Free Trade

HANOVER, GERMANY - APRIL 23: Protesters rallying against the TTIP and CETA free trade agreements march on the eve of a visit by U.S. President Barack Obama on April 23, 2016 in Hanover, Germany. Many in Germany are wary of the agreements and claim that both TTIP, a free trade agreement being negotiated between the European Union and the United States, and CETA, a similar agreement between the E.U. and Canada, will have far-reaching negative impacts in Europe that include labor, economic, environmental and legal aspects. (Photo by Sascha Schuermann/Getty Images)
Protesters rallying against the TTIP in Hanover, Germany.
  • Why it matters

    Why it matters

    The federal economics ministry said “fundamental differences of opinion” stand in the way of the Transatlantic Trade and Investment Partnership, or TTIP.

  • Facts


    • The chancellor has spread false hopes regarding the timetable for TTIP, the author argues.
    • In the United States, both the Republican and Democratic candidates for president oppose the pact.
    • No industrial country benefits from open markets as much as the exporting republic of Germany.
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In more than a decade as German chancellor, Angela Merkel has justifiably earned a reputation as a problem-solver. She minimized the consequences of the global financial crisis as much as possible, kept Greece from going bankrupt and prevented the euro zone from falling apart.

But increasingly, Ms. Merkel seems to be losing this capability. The fight against the international terrorism has been just as fruitless as attempts to normalize diplomatic relations with Russia.

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