Firstpost
  • Home
  • Video Shows
    Vantage Firstpost America Firstpost Africa First Sports
  • World
    US News
  • Explainers
  • News
    India Opinion Cricket Tech Entertainment Sports Health Photostories
  • Asia Cup 2025
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
Trending:
  • Nepal protests
  • Nepal Protests Live
  • Vice-presidential elections
  • iPhone 17
  • IND vs PAK cricket
  • Israel-Hamas war
fp-logo
Angela Merkel says India and China are affecting world economy much more today, need to relook at global financial systems
Whatsapp Facebook Twitter
Whatsapp Facebook Twitter
Apple Incorporated Modi ji Justin Trudeau Trending

Sections

  • Home
  • Live TV
  • Videos
  • Shows
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Health
  • Tech/Auto
  • Entertainment
  • Web Stories
  • Business
  • Impact Shorts

Shows

  • Vantage
  • Firstpost America
  • Firstpost Africa
  • First Sports
  • Fast and Factual
  • Between The Lines
  • Flashback
  • Live TV

Events

  • Raisina Dialogue
  • Independence Day
  • Champions Trophy
  • Delhi Elections 2025
  • Budget 2025
  • US Elections 2024
  • Firstpost Defence Summit
  • Home
  • World
  • Angela Merkel says India and China are affecting world economy much more today, need to relook at global financial systems

Angela Merkel says India and China are affecting world economy much more today, need to relook at global financial systems

Press Trust of India • January 24, 2019, 16:10:26 IST
Whatsapp Facebook Twitter

German Chancellor Angela Merkel on Wednesday said countries like India and China have begun affecting the world economy much more today and that needs to be taken into account for having a relook at the global trade and financial systems.

Advertisement
Subscribe Join Us
Add as a preferred source on Google
Prefer
Firstpost
On
Google
Angela Merkel says India and China are affecting world economy much more today, need to relook at global financial systems

Davos: German Chancellor Angela Merkel on Wednesday said countries like India and China have begun affecting the world economy much more today and that needs to be taken into account for having a relook at the global trade and financial systems. [caption id=“attachment_4375687” align=“alignleft” width=“380”]Germany won’t take part in possible Syria military strike File image of German Chancellor Angela Merkel. AP[/caption] In a veiled attack at policies being adopted by countries like the US, she said, “There is a new approach in the world that says shouldn’t we look after our own, and ensure that our own are looked after.” “I have great doubts about this approach. We should always remember that others have their own interests,” Merkel said. “Let’s call a spade a spade.” Speaking at the World Economic Forum Annual Meeting, she said there are a number of disturbances around the world and the IMF has painted a rather gloomy picture of the global economy. If we look at the international order today, the global architecture is still driven a lot by what was created by people who were in power after the Second World War and they had the insight and their decisions should not be cast aside, Merkel said. She added that politicians have got a lot to face and the banking industry has also lost a lot of credibility after the financial crisis. “The global financial system has got damaged quite a bit and we need to do a lot to fix the things,” she said while noting that international bodies such as the World Trade Organization (WTO), IMF and the World Bank have very much contributed to making the world a better place. “Countries like China and India are affecting the global economy much more today and the global organisations need to take that into account,” she said while highlighting the emergence of organisations like G20 and the Shanghai Cooperation Organization (SCO). She said there is a wake-up call for the world and we need to find out how to move forward. Merkel said compromise these days has a bad reputation, but a global architecture is only possible if we are able to compromise.

Tags
India China US IMF World Bank NewsTracker Angela Merkel World Economic Forum G20 WTO Global financial system SCO
End of Article
Latest News
Find us on YouTube
Subscribe
End of Article

Impact Shorts

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Khadga Prasad Sharma Oli remains caretaker PM amid chaos in Nepal. Protesters torched parliament, executive seat, Supreme Court, and presidential residence. President Paudel calls for dialogue as violence continues across the country.

More Impact Shorts

Top Stories

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched

Who is CP Radhakrishnan, India's next vice-president?

Who is CP Radhakrishnan, India's next vice-president?

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Israel informed US ahead of strikes on Hamas leaders in Doha, says White House

Top Shows

Vantage Firstpost America Firstpost Africa First Sports

QUICK LINKS

  • Trump-Zelenskyy meeting
Latest News About Firstpost
Most Searched Categories
  • Web Stories
  • World
  • India
  • Explainers
  • Opinion
  • Sports
  • Cricket
  • Tech/Auto
  • Entertainment
  • IPL 2025
NETWORK18 SITES
  • News18
  • Money Control
  • CNBC TV18
  • Forbes India
  • Advertise with us
  • Sitemap
Firstpost Logo

is on YouTube

Subscribe Now

Copyright @ 2024. Firstpost - All Rights Reserved

About Us Contact Us Privacy Policy Cookie Policy Terms Of Use
Home Video Shorts Live TV