Germany worried at signs of fraying multilateral order
[BERLIN] Germany is looking with concern at signs that the network of multilateral organizations and agreements designed to foster international cooperation is being weakened, German Chancellor Angela Merkel told a Berlin conference on Monday.
Ahead of a G20 summit of the world's leading economies, she said that multilateral organizations, United Nations agencies in particular, were short of the money they needed to play an effective role and that countries bearing the brunt of the Syrian refugee crisis had received less aid than promised.
"International agreements and institutions are being weakened," she said. "This is worrying, since our multilateral global order comes from the lessons we learned from the terrible world wars of the last century."
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
JPMorgan talking with investors about two synthetic risk transfers
HSBC says growing Chinese wealth fuels client investments in US
Money laundering accused Su Baolin to plead guilty after being handed 3 more charges
UBS flags 'serious' concern about new Swiss capital requirements
Lloyds bank says quarterly profits sink on higher costs
US seeks 36 months’ jail for Binance founder Zhao