German Chancellor Angela Merkel has criticised a “variety of disturbances and uncertainty in the multilateral System”. “Global cooperation is the only alternative,” Merkel said on Wednesday at the annual meeting of the world economic forum in Davos. “We should create as a Nations the interests of the other thinking and win-win situations.” The increasing tendency to compromise lead along with other challenges to a reduction in growth forecasts by the International monetary Fund.
Against this Background, the Forum in Davos is to bring make a contribution, “it is better to more security in the things that the uncertainty should grow”.
in Addition, the Chancellor of politics and Economics, called on to do everything it can to prevent a repeat of the banking crisis of more than ten years ago. The interest rate policy of the major Central banks show, “that we are not nibbling in the end is still to this crisis that we are still out,” said Merkel. Due to the banking crisis, we have taken also space for possible future tasks. You would need to come back as soon as possible back to the normalization.
“If you are honest, put us in this crisis today, still in the bone,” said Merkel. “She has incredibly taken a lot of confidence in the policy, but also in the economic field, in particular in the financial sector.” After the banking crisis, introduced regulations that better control of the banks – “okay, so that was progress,” said the Chancellor. If you question people, have suffered the “Belief in a stable, international financial sector, but very”. And therefore, everything must be done to prevent a recurrence.
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in order to be able to challenges better in the future to respond campaigned Merkel for a Reform of international organizations. Countries such as China and India, influenced the world economy is now much stronger. If an existing System to respond too slowly, however, the result that other institutions were formed.
Merkel cited the example of the formation of an Asian investment Bank as a counterweight to the world Bank. You said: “If China is looking for a 16 + 1 Format, with Parts of the European Union to cooperate, then that is how I think a warning shot.”
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In the case of a Reform of international organizations would have to be a new “balance of forces” reflected in the world. Reforms were difficult, but necessary. Merkel pointed to Changes in the International monetary Fund and the world Bank. (Tsp, dpa)
