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 Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam