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.
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.