Merkel Confident Ahead of Coalition Talks With SPD

Germany’s Chancellor Angela Merkel has entered talks with a rival party in a last-ditch effort to form a coalition government after months of political uncertainty and deadlock in the euro zone’s largest economy.Merkel, the head of a conservative alliance made up of the Christian Democratic Union (CDU) and its Bavarian sister-party the Christian Social Union (CSU), will meet with Martin Schulz, the head of the Social Democratic Party (SPD), for preliminary talks this week. They are set to discuss whether they can renew a governing coalition that has been in operation in recent years.The SPD had previously refused to enter into another coalition government given that its voters punished it in the last election for its previous alliance. But after coalition talks between Merkel and two other parties failed to find an agreement, the SPD has changed its stance.

Source: Germany’s Merkel enters high-stakes talks in last chance to form a government – CNBC

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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.