German politicians stitch together coalition deal
Berlin
GERMAN Chancellor Angela Merkel's conservatives and the Social Democrats (SPD) on Wednesday agreed to a coalition deal, taking Europe's economic powerhouse closer to a new government after months of uncertainty that spooked allies and investors.
In a move likely to mean a shift in Germany's euro zone policy, the SPD would take the finance ministry, a post held until recently by conservative Wolfgang Schaeuble, widely despised in struggling euro zone states during his eight-year tenure for his rigid focus on fiscal discipline.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month