The Plaza Accord, as it was called, was a joint-agreement, signed on 22 September 1985, at the Plaza Hotel in New York City, between France, West Germany, Japan, the United States, and the United Kingdom, to depreciate the U.S. dollar in relation to the Japanese yen and German Mark.
Russia remains one of the top investment destinations for German businesses, despite tensions between Washington and countries facing steep sanctions, including the European Union.
Within the first quarter of 2019, foreign direct investment by German businesses in Russia has seen a 33 percent increase compared to the same period a year earlier, totalling €1.76 billion, according to a statement released by the Russian-German Chamber of Commerce.
"Despite weak market conditions, German companies continue to believe in the Russian market," said Matthias Schepp, the chamber's chairman, on Thursday, highlighting the upward trend of German business in Russia.
In a recent study it was found that the traditional relationship between Germany and the US was beginning to fray.
While 41% of Germans say they want more cooperation with the U.S., fully seven-in-ten Americans want more cooperation with Germany.
Germans are about twice as likely as Americans to want more cooperation with Russia.
https://off-guardian.org/2019/09/21/europe-the-cracks-are-beginning-to-show/
Russia remains one of the top investment destinations for German businesses, despite tensions between Washington and countries facing steep sanctions, including the European Union.
Within the first quarter of 2019, foreign direct investment by German businesses in Russia has seen a 33 percent increase compared to the same period a year earlier, totalling €1.76 billion, according to a statement released by the Russian-German Chamber of Commerce.
"Despite weak market conditions, German companies continue to believe in the Russian market," said Matthias Schepp, the chamber's chairman, on Thursday, highlighting the upward trend of German business in Russia.
In a recent study it was found that the traditional relationship between Germany and the US was beginning to fray.
While 41% of Germans say they want more cooperation with the U.S., fully seven-in-ten Americans want more cooperation with Germany.
Germans are about twice as likely as Americans to want more cooperation with Russia.
https://off-guardian.org/2019/09/21/europe-the-cracks-are-beginning-to-show/
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