German Court Gives Backing to EU-Canada Trade Deal

Germany’s Constitutional Court gave the green light on Thursday for the government to approve an ambitious trade accord between the EU and Canada under certain conditions, boosting its chances of going through in a vote next week.

The court in Karlsruhe rejected emergency appeals by activists to prevent the government from backing the Comprehensive Economic and Trade Agreement (CETA) before it has been ratified by national parliaments.

Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.