TTIP Doldrums

Germany's Export Miracle Will Survive

ARCHIV - Ein Containerschiff der Reederei Hamburg Süd wird am 13.08.2012 am Containerterminal Burchardkai im Hamburger Hafen abgefertigt. Die Reederei veröffentlicht am 01.04.2014 die Zahlen für das abgelaufene Geschäftsjahr 2013. Foto: Marcus Brandt/dpa (zu dpa «Oetker-Reederei Hamburg Süd steuert auf einsamem Kurs» vom 01.04.2014) +++(c) dpa - Bildfunk+++
Container ships in Hamburg port.
  • Why it matters

    Why it matters

    • As big demonstrations unfold in Europe to protest the proposed free-trade treaty between the European Union and the United States, the controversy is having a big impact on politics in Germany.
    •  
  • Facts

    Facts

    • German vice-chancellor Sigmar Gabriel and economics minister says the TTIP talks have failed.
    • The 15th round of TTIP talks are set for October.
    • Although 55 percent of Germans said they favored TTIP in 2014, support withered to 17 percent by this spring.
  • Audio

    Audio

  • Pdf

 

German vice-chancellor Sigmar Gabriel is Europe’s most talented undertaker. He can bury political discussions that aren’t even dead yet.

“The negotiations with the U.S. have de-facto failed,” Mr. Gabriel said in late August, as U.S. and E.U. negotiators were preparing for the 15th round of talks in October to try to hash out an agreement over the proposed Transatlantic Trade and Investment Partnership (TTIP). “Things are not moving on that front.”

Mr. Gabriel has just returned from the summer break. He is no longer just Germany’s economics minister. He’s the leader of the center-left Social Democrats and a candidate for chancellor. Mr. Gabriel senses no prizes are to be won in Germany with TTIP. So he hauls out his shovel and personally digs a grave for the world’s largest free-trade zone.

Want to keep reading?

Subscribe now or log in to read our coverage of Europe’s leading economy.