German SPD Leader Open to Coalition With Interested Parties

Germany’s Social Democratic Party (SPD) leader Martin Schulz would be open to a coalition with anyone who is interested, but his eyes remain firmly on the prize, he told CNBC Monday.

“My goal is first of all to see the SPD, after the election, become the strongest political force in the country and for me to become the chancellor of the Federal Republic,” the centre-left candidate said of Germany’s upcoming general election in September.

“Whoever is interested to join the government led by me is invited to join it after the election and to open a dialogue with me,” he added.

The SPD’s most likely bedfellow is perhaps ‘the left’, Germany’s democratic socialist Die Link party, prompting concern from some voters.

Schulz’s approval rating has been on the up in recent months, with opinion polls suggesting he is in with a fair chance against current Chancellor Angela Merkel.

However, the country’s recent regional election in the south-western state of Saarland, seen as something of a bellwether for the upcoming general election, saw high voter turnout and a comfortable win for Merkal’s Christian Democrats (CDU), suggesting some public aversion to a leftist leadership.

Schulz dismissed the outcome as the result of regional issues and not indicative of the national vote.

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