German Chancellor Angela Merkel’s conservatives and the centre-left Social Democrats (SPD) made a breakthrough early on Wednesday in talks about forming a “grand coalition” government, two top conservative politicians said on their Twitter accounts.
Germany’s two biggest political forces negotiated through the night and reached a breakthrough at about 5 a.m. (0400 GMT), said senior Merkel lawmaker Michael Grosse-Broemer and Annegret Kramp-Karrenbauer, the conservative premier of Saarland state.
Two months after Merkel’s election victory and a month after coalition talks began, the agreement, if confirmed, would enable her to firm a government by Christmas – if the SPD gets approval in a vote among more than 474,000 party members.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.