We discuss the topic with our studio guest Volker Treier, Deputy CEO and Managing Director of International Economic Affairs at DIHK, the Association of German Chambers of Commerce and Industry. He'll explain the new EU members' situation.
A new set of US sanctions against Russia is likely to hurt the EU. Experts feel that any such US penalties on Russia should be coordinated with the EU in the first instance.
The diplomatic spat between Turkey and Germany is spreading into the business world, with uncertainty over Turkish policies affecting trade and investment, says Volker Treier of DIHK trade lobby group.
Germany has seen a steady uptake in goods flowing to China, coupled with a decline in exports to the US, according to the German chambers of commerce. There are concerns over US protectionist policies.
Britain's finance minister has suggested that the UK might be forced to "change its economic model" if it were shut out of the EU market. German politicians took the threat with a mixture of derision and consternation.
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