Germany: We rule out an approval of Nord Stream 2 pipeline

Eren Sengezer FXStreet

A spokesperson for the German government told reports on Monday that they have ruled out the approval of the shelved Nord Stream 2 gas pipeline, as reported by Reuters.

"We face difficult months ahead," the spokesperson added. "But it is clear that we stand firmly on the side of Ukraine and we stand behind the sanctions that we agreed together with the European Union and the international community."

Market reaction

These comments don't seem to be having a noticeable impact on risk perception. As of writing, Germany's DAX 30 Index was up 0.6% on a daily basis at 13,654.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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