So says German news agency DPA 7 Feb
Scholz is currently the Mayor of Hamburg.
Given recent comments and traditional SPD policy we can expect a move away from austerity measures with a loosening of the purse strings. Companies such as Google, and Apple also to be targeted for more tax.
Reuters citing same sources saying SPD lso have justice, family and environment ministries
Any input from our readers in Germany/those in the know always welcome as ever.
Meanwhile EURUSD not so impressed with the news and down testing 1.2350 again, with EURGBP steady but EURJPY also continuing its move lower at 134.70
