German newspaper Suddeutsche Zeitung reporting 7 Feb
- parliamentary floor leader Nahles ready to take over
There had been plenty of talk in recent weeks/months that Schulz would oversee the coalition talks then resign so no real surprises here.
Euro pairs suitably unfazed.
Elsewhere this from the coalition talks in a report seen by Reuters:
- ESM to become an EMF under parliamentary control
- we support budgetary means to stabilise EZ and support structural reforms
- ready to increase Germany's contribution to EU budget
- want to pursue strong EZ reforms in close partnership with France
- we regret Brexit but want trusting relationship with Britain after
Schulz pointing to the exit
