Merkel chaired the G20 summit and she completely and utterly failed to lead G20 to a successful conclusion. Well of course, Merkel lost control of the streets of Hamburg, which looked more like a civil war challenging even her authority. However, Merkel thought she could score a major diplomatic triumph be getting everyone together to gang-up on Trump over the climate accord. Her own industries are yelling she will cost a tremendous amount of jobs pushing her climate agenda forward. What took place was that not merely was she unable to intimidate Trump, but China also insisted on being able to expand its carbon energy use agreeing with Trump.
This post was published at Armstrong Economics on Jul 10, 2017.
Follow on Twitter
Recent Comments