• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

German coalition deal set to be announced imminently as talks near completion

by
November 22, 2021
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Apple shines bright even as the rest of the market enters a pullback zone

Stocks making the biggest moves midday: Bed Bath & Beyond, Cineworld, Foot Locker, Wayfair and more

Inflation peaking? 10 common consumer items where prices are falling

There’s a new 1% tax on stock buybacks — here’s what it means for your portfolio

German Minister of Finance and Social Democratic Party (SPD) top candidate for the federal elections Olaf Scholz.

Pool | Getty Images News | Getty Images

Germany’s next government is about to take another big step toward completion, with a coalition deal set to be announced imminently after almost two months of talks following the country’s federal election in September.

As no one party gained a big enough share of the votes to govern alone, coalition talks have been taking place between the center-left Social Democratic Party, the Green Party and pro-business Free Democratic Party to try to find a compromise that would allow the parties to govern together.

The possible alliance has been described as a “traffic light” coalition in reference to the parties’ traditional colors.

Now, after almost two months of talks which have been widely described by the parties involved as “constructive,” it looks like a coalition deal will be announced on Tuesday or Wednesday.

Olaf Scholz, the SPD’s candidate, is set to be Germany’s next chancellor while Christian Lindner, the head of the FDP, is set to be the next finance minister, according to two people close to the coalition discussions who wanted to remain anonymous due to the sensitive nature of the talks.

The Green Party’s co-leaders, Annalena Baerbock and Robert Habeck, are poised to take on the roles of foreign minister and economy minister, respectively, the same sources said.

German Greens Party co-leaders Robert Habeck, German Greens Party co-leaders Annalena Baerbock, Olaf Scholz of the German Social Democrats (SPD), and Christian Lindner, head of the Free Democratic Party (FDP) give a press statement on October 15, 2021 in Berlin, Germany.

Jens Schlueter | Getty Images News | Getty Images

Germany’s long-standing chancellor, Angela Merkel, is stepping down from the role in the next few weeks after 16 years in office, marking a significant change in Germany’s political landscape.

Her party, the Christian Democratic Union (CDU) and its sister party, the Christian Social Union, have been largely left out in the cold during coalition talks following the election.

The CDU and CSU have been dominant in German coalitions for decades but will now find themselves in opposition after the alliance’s candidate for chancellor, Armin Laschet, failed to inspire voters. Laschet stepped down as state premier of North Rhine-Westphalia and is expected to be replaced as head of the CDU.

Scholz is a seasoned politician, having been the country’s finance minister in Merkel’s last government and Germany’s vice chancellor.

Next Post

Seven High Frequency Indicators for the Economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Apple shines bright even as the rest of the market enters a pullback zone

by
August 19, 2022
0

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics....

Read more

Apple shines bright even as the rest of the market enters a pullback zone

Stocks making the biggest moves midday: Bed Bath & Beyond, Cineworld, Foot Locker, Wayfair and more

Inflation peaking? 10 common consumer items where prices are falling

There’s a new 1% tax on stock buybacks — here’s what it means for your portfolio

Walmart expands abortion coverage for its employees in the wake of Roe v Wade decision

Slowdown in Showings Suggests a Further Decline in Existing Home Sales in August

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.