Germany Enters a Grand Coalition

Germany’s Social Democrats (SPD) voted overwhelmingly in favor of joining a “grand coalition” with Chancellor Angela Merkel’s conservative Christian Democrats on Saturday, clearing the way for a new government to take office on Tuesday.

The SPD said that 76 percent of its grassroots members who took part in a postal ballot voted in a referendum in favour of joining a right-left coalition with the conservatives.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza