German chancellor Merkel with comments on coalition deal done today 7 Feb
- we will have a stable govt
- we know we need to invest in infrastructure and digitalisation
- solid finances are a feature of Germany
- we made compromises especially on division of ministries
- many Conservatives will not like the fact we gave finance to SPD
SPD leader Schulz:
- we are thankful that the Conservatives made some tough compromises
- we want unlimited employment contracts to become the norm again
- we thank Merkel and Seehofer for what we achieved on policy for Europe which will result in a change for the bloc
Seehofer:
- we found the right answers to the difficult questions
- coalition deal well suited to overcome divisions in Germany
We had earlier stories here:
- Germany's conservatives and SPD have agreed coalition deal - Spiegel
- SPD's Olaf Scholz to become German finance minister
- Talk on the street that SPD leader Schulz stepping down
Seems like some real compromises made as Merkel clings onto power. What do our German readers think?
Meanwhile EURUSD still knocking around session lows at 1.2335 as EURGBP and EURJPY supply return.
German deal done but at what price to both sides?
