ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • MSME Summit
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • National Highway construction slows to 20.43 km per day in first 4 months of current fiscal
  • Independence Day Special: How investment habits, preferences of people have changed over the past 75 years
  • BMW M4 Competition Coupé 50 Jahre M Edition: Price and features | Photos
  • Financial Independence for Women: top investment tips for the other half to make them independent moneywise
Read in App
Business News » World News

WEF 2019: Angela Merkel calls for global cooperation to reach 'win-win outcomes'

Germany, Europe`s largest economy, is heavily dependent on international trade and as such has a big interest in preserving the integrity of global multilateral systems that are now confronted by Trump`s `America First` approach.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
WEF 2019: Angela Merkel calls for global cooperation to reach 'win-win outcomes'
Global organisations such as the International Monetary Fund and the World Bank must be reformed to restore confidence in the global financial system, Merkel said. Image source: Reuters

German Chancellor Angela Merkel delivered a robust defence of the post-war multilateral order on Wednesday, lauding compromise as a virtue in international relations in a veiled criticism of U.S. President Donald Trump. In an address to global political and business leaders in Davos, Merkel urged Western powers to think beyond their narrow national interests and to reform global institutions with a view to achieving "win-win" outcomes.

Germany, Europe`s largest economy, is heavily dependent on international trade and as such has a big interest in preserving the integrity of global multilateral systems that are now confronted by Trump`s `America First` approach.

"(The Western world) has to act against the fragmentation of the international architecture, and be ready to reform the existing institutions," Merkel said in her address to the World Economic Forum in Davos, Switzerland.

"I think we should understand our national interest in a way that we think about the interests of others and from that create win-win situations that are the precondition for multilateralism," she added.

Global organisations such as the International Monetary Fund and the World Bank must be reformed to restore confidence in the global financial system, Merkel said.

"For a long time emerging countries like China and India influenced the world economy in a very strong way and when an existing system takes too long to react the consequences are that others (countries) make themselves noticeable through new institutions," she added.

Chancellor for 13 years, Merkel is trying to defend a western alliance shaken by Trump`s presidency, and bind together a European Union in which Germany has forged its post-war identity but which is being tested by Brexit and nationalism.

She was dubbed the `liberal West`s last defender` when Trump succeeded Obama - a moniker she has dismissed.

Merkel said Europe was on a path with no guarantee of success as it faced the economic forces of the United States and China, adding: "We are seeking allies who share our values."

"We see today how economic strength is effective," she said, pointing to sanctions on Iran and the effectiveness of U.S. foreign policy. "This is due to the strength of the dollar as a currency."

"Then the question arises: how can we in the euro zone become as dominant? How can we arrange it so that we have economic weight on the scales... you have to be economically strong to assert yourself."

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
WEFDav osAngela Merkel
Written By: Reuters
Updated: Wed, Jan 23, 2019
11:57 pm
Davos, Reuters
RELATED NEWS
PM Narendra Modi's address at WEF's online event: Highlights - What all he said -Top statements PM Narendra Modi's address at WEF's online event: Highlights - What all he said -Top statements
World Economic Forum defers Davos Annual Meeting 2022 due to Omicron outbreak World Economic Forum defers Davos Annual Meeting 2022 due to Omicron outbreak
India to send over 100-strong delegation for WEF in Davos; Piyush Goyal, 3 state CMs among participants India to send over 100-strong delegation for WEF in Davos; Piyush Goyal, 3 state CMs among participants
World Economic Forum meet starts January 21; Zee Business to bring it all to you LIVE from Davos! World Economic Forum meet starts January 21; Zee Business to bring it all to you LIVE from Davos!
Growth! India moves up two places on WEF's global energy transition index Growth! India moves up two places on WEF's global energy transition index

LATEST NEWS

FIIs buy shares worth Rs 3,040 cr on August 12, highest this month; net purchase at Rs 14,841.66 crore

Money Guru: As India gears up for 75th Independence Day celebration, where should you invest for benefit in New India? Expert decodes

Corporate tax collection jumps 34% in April-July this year, says Income Tax Department

75th Independence Day: PM Modi Speech LIVE - When and where to watch on 15 August Red Fort Address

Financial Independence for Women: top investment tips for the other half to make them independent moneywise

Delhi traffic advisory for Independence Day: Bus routes, borders and roads to avoid on 15th August | All details here

Tesla stock split date 2022 news: Record date, split ratio, history, TSLA Nasdaq share price - All details

NEET, JEE, CUET merger news: What UGC proposed and how will this help students - All details here

One Piece Film Red release date in India announced?

Har Ghar Tiranga campaign kicks off today: Amit Shah, others hoist tricolour

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV