MOSCOW (Sputnik) — US voters will go to the polls in November 2016 to elect the next president. Obama is not eligible to seek reelection due to the limits enshrined in the US Constitution.
If the European Union fails to agree on the US-proposed trade and investment deal before Obama steps down, "there will be a long pause," the chancellor warned the nation in her interview with the Sueddeutsche on Friday.
Merkel denied allegations that the ongoing scandal over US spying on German and EU governments and businesses could derail TTIP talks. Instead, she urged to let bygones be bygones and called to step up cooperation with Washington in trade and security alike. "Both is good for Germany," the chancellor noted.
The European Parliament is to vote on the TTIP deal in early June. The talks have been on and off for years, with EU politicians and civil group activists arguing that the accord would give too much power to transnational corporations. Supporters of the treaty claim it would eliminate trade barriers between the two economic powerhouses.
- Anti-TTIP demonstration in Germany© Flickr / Mehr Demokratie
- Activisits stage a protest against the US-EU Transatlantic Trade and Investment Partnership (TTIP), or Transatlantic Free Trade Agreement (TAFTA)© AFP 2020
- People dressed in costumes take part in a demonstration against the Transatlantic Trade and Investment Partnership (TTIP), a proposed free trade agreement between the European Union and the United States, in Munich April 18, 2015© REUTERS / Michael Dalder
- TTIP© Flickr / greensefa