Audio By Carbonatix
German Chancellor Angela Merkel delivered a robust defense 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 organizations 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.”
Latest Stories
-
The Traffitech-GH SMS spot-fine system: The good, the sad, and the funny – Bright Simons writes
8 minutes -
Hawa Koomson pledges experienced and mature leadership of NPP women’s wing
1 hour -
Young woman found dead at Kasoa Peace Town
2 hours -
Playback: The Law examined lawful arrest in Ghana
2 hours -
Mahama urges African governments to treat healthcare as an investment, not budget cost
3 hours -
Bawumia congratulates John Boadu and new NPP executives, pledges support ahead of 2028
3 hours -
‘No talent should be left out’ – Bawumia pledges inclusive NPP campaign for 2028
3 hours -
Prof. Mike Oquaye recounts how he blocked the Special Prosecutor’s attempt to arrest Bawku Central MP
3 hours -
Make health sovereignty a priority for Africa – Mahama
3 hours -
Dorimon Naa, Wa West DCE lead massive clean-up exercise; threaten sanctions against recalcitrant residents
4 hours -
Photos from Adom FM Y2K Jam
4 hours -
Praye Tiatia steals the show at Adom FM Y2K Jam [Watch]
4 hours -
Boakye Agyarko congratulates John Boadu, pledges support for NPP leadership
4 hours -
Antwi HiMight thrills fans with Antwi ne Antwi hits at Adom FM’s Y2K Jam [Video]
4 hours -
Amb. Edward Boateng congratulates Boadu, Kodua on election wins
5 hours