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Economy Crises under Discussion as President Obama Reaches Germany

Barack Obama, the President of United States reached Germany on Sunday to hold the talks with Angela Merkel, the German Chancellor, who is one of Obama’s nearest allies in dealing with shaky global security & economy crises in Ukraine & Middle East.

It’ll be the last stop on a 6-day foreign journey where President Obama has sought to shore up the United States’ alliances that he views crucial to increase the trade, defeat IS-militants & offset the Russian intervention in Syria & Ukraine.

Economy Crises under Discussion as President Obama Reaches Germany
U.S. President Barack Obama and German Chancellor Angela Merkel stand together on a balcony at Schloss Herrenhausen in Hanover, Germany.

Barrack Obama, in last 9 months of his presidential term, spent 3 days in London where he’d urged the Britons to remain in EU in a June referendum, a vote that’d have the global economic consequences.

Obama, earlier this week, met the Gulf leaders in Riyadh, trying to dispel fears that the Washington had become less dedicated to their security, particularly after nuclear deal with Iran, that is the Saudis’ regional rival.

In Hanover, Obama will tour & speak at a massive industrial trade fair with Angela Merkel. The leaders want to breathe life expectancy into a United States-European free trade consensus still under negotiation that the supporters say could increase each economy by around 100 billion dollars.

Their push comes at a time when numerous Americans & Europeans alike fear the deal that could cost jobs & affect the standards.

“But time isn’t on anyone’s side at the moment,” said Heather Conley, who is the a former State Department official in George W. Bush administration, now with Centre for Strategic & International Studies think tank in the Washington.

The leaders are struggling to wrap up the complex talks on Transatlantic Trade & Investment Partnership (TTIP), the formal name of accord, before President Barrack Obama, who is a Democrat, leaves office on 20th Jan.