SPD Reopen Door to Talks With Merkel

Germany’s Social Democrats (SPD) appeared close to dropping their opposition to renewing cooperation with Chancellor Angela Merkel on Friday, with a planned summit between the two camps seemingly offering a way out of a political impasse.The apparent volte-face by the SPD, which had said it would go into opposition after suffering its worst result in 70 years in a September election, makes it less likely that a new vote will be necessary in Europe’s economic and political powerhouse.Germany’s President Frank-Walter Steinmeier said he would host a meeting between the leaders of Merkel’s conservative camp and SPD leader Martin Schulz next week to discuss the situation following the collapse of talks on a three-way coalition.

Source: German president summons grand coalition partners for talks – Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.