'Big obstacles' still in the way in German coalition talks

'Big obstacles' still in the way in German coalition talks

The two political blocs want to decide by Friday whether to launch formal coalition talks.

A member of Merkel's Christian Democratic Union (CDU) as well as another lawmaker from the CDU's Bavarian sister-party CSU, Dorothee Bar, tweeted the photo of the document's cover on Friday.

"Many, many hours of work, serious wrangling and shaping are contained in these 28 pages", tweeted CDU lawmaker Julia Kloeckner, part of Merkel's negotiating team. "The only thing clear to me is that that was a pretty hard task but. we kept telling each other we wanted to find a way forward and that's why we succeeded".

Another coalition with the SPD therefore remains the only feasible option open to the chancellor, aside from the never-before-used option of a minority government. The leader of that social-democratic party, the horrendous Martin Schulz, said at the end of previous year that he hoped for a "United States of Europe".

"At a time when [German] society is drifting apart, we wanted to hold the society together", Schulz told reporters.

Prominent Social Democrat opponents of a new "grand coalition" of Germany's biggest parties weren't placated by Friday's deal and vowed to keep fighting it.

A new coalition deal can still be torpedoed when SPD delegates, and later rank-and-file members, get to vote on whether the party should once again govern in Merkel's shadow. But both parties bled support in the September 24 election, which saw the far-right Alternative for Germany (AfD) enter the Bundestag (national parliament) for the first time.

One primary reason for investors' cheer - which saw the euro jump to a three-year high of $1.2156 against the dollar - was simply relief that the country's political situation was being sorted out, nearly four months after the September 24 election. The AfD's virulently anti-immigration platform proved popular with voters.

After working groups failed to bridge gaps on key policy points in talks this week, it fell to political leaders to conclude a high-stakes final round of horse trading. "And that's something that Germany really has to prepare for".

Back then, a number of left wing members of the party led by Oskar Lafontaine left SPD, denouncing the changes of labor protection laws, as proposed by the leadership of Gerhard Schröder. Merkel and her allies agreed to a total yearly maximum of 220,000 people.

An effort to form a complicated coalition led by Merkel's Christian Democrats and including the Greens and the liberal Free Democrats failed in November.

The markets rallied at the news of the prospective deal and the euro jumped to a three-hear high.

French spokesman Benjamin Griveaux said: "Good news seems to be coming out of Germany".

France and Bulgaria, which now holds the rotating European Union presidency, welcomed Friday's developments. "We are waiting on this quite impatiently".

A majority of the German population already believes that Merkel will not see out her current parliamentary term, due to end in 2021, according to the poll conducted by the Infratest institute.

But talk of crisis and Mrs Merkel's political demise - from some worldwide media - has been overblown.

Merkel ruled with the SPD in two of her three terms in office, including in the last parliament from 2013-2017.

Seehofer said last week that he hoped a new government would be in place before Easter, which falls on April 1.

Related News:

  • Jazz guard Rodney Hood swats phone out of fan's hand after ejection

    Jazz guard Rodney Hood swats phone out of fan's hand after ejection

    Hood raised his right hand and slapped the device from the man's hand, sending it crashing to the ground. The Jazz were able to get a 107-104 win over the Wizards after they scored 27 points off 23 turnovers.

    Technical Secrets - Weight Watchers International, Inc. (NYSE: WTW)

    It is negative, as 19 investors sold SEP shares while 66 reduced holdings. 38 funds opened positions while 36 raised stakes. Ahl Limited Liability Partnership has invested 0.03% of its portfolio in Weight Watchers International, Inc .
    Kansas Gov. Sam Brownback Re-nominated as Ambassador-at-Large for Religious Freedom

    Kansas Gov. Sam Brownback Re-nominated as Ambassador-at-Large for Religious Freedom

    She said the school funding piece rings hollow given the governor's bitter opposition to past spending increases for education. The tax increase approved a year ago rolled back most of the past income tax cuts championed by Brownback in 2012 and 2013.
  • Huawei wins patent lawsuit against Samsung in China

    Huawei wins patent lawsuit against Samsung in China

    Even the company acknowledges its relative obscurity with the USA marketing tagline: "The best phone you've never heard of". The letter notes worries over "Chinese espionage in general, and Huawei's role in that espionage in particular".

    Llc Acquires 228535 Shares of Cheniere Energy Partners LP (CQP) Stock

    Chao Ku increased its stake in China Mobile Limited (CHL) by 135.07% based on its latest 2017Q3 regulatory filing with the SEC. Atlantic Trust LLC purchased a new stake in shares of Cheniere Energy during the 2nd quarter valued at approximately $175,000.
    Camila Cabello Reacts to Fifth Harmony's MTV VMAs Jab

    Camila Cabello Reacts to Fifth Harmony's MTV VMAs Jab

    I was just like, 'What? Fifth Harmony announced her departure in December 2016 after four years and a half years of being a team. On Friday morning, Camila Cabello stopped by Good Morning America to perform a track from her recently released LP, Camila .
  • Relative Strength Index Pointing to Overbought Range for Halliburton Company (NYSE:HAL)

    On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $45.75B.
    China to face a

    China to face a "tough challenge" at Pyeongchang Winter Olympics, says official

    Verizon launched a special roaming offer for customers who are going to the PyeongChang 2018 Olympic and Paralympic Winter Games. Generating up to 1TB of data per hour, Intel True VR harnesses the massive, real-time processing power of Intel Core processors.
    Biggest drop in housing prices in a decade

    Biggest drop in housing prices in a decade

    Except Ahmedabad and Hyderabad , other major markets recorded a fall in prices ranging from 2% to 7%, the report says. However, since developers are not launching new projects rapidly, the impact on unsold stock has been positive.
  • Leonardo DiCaprio & Quentin Tarantino Reunite For 1969 Movie

    Leonardo DiCaprio & Quentin Tarantino Reunite For 1969 Movie

    DiCaprio's role will be the first the actor has undertaken since his Oscar-winning performance in 2015's The Revenant . It will be interesting to see how fast the rest of the cast now comes together, and to see what role DiCaprio has.
    Missouri prosecutor to probe Missouri governor over affair

    Missouri prosecutor to probe Missouri governor over affair

    According to KMOV , Greitens has admitted to having an affair but has not confessed to the other allegations. His GOP campaign for governor in 2016 promoted, in part, his character and his belief in family values.
    Diet Coke gets millennial makeover, launches four new flavors

    Diet Coke gets millennial makeover, launches four new flavors

    In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the stock in a transaction dated Wednesday, November 8th. Several other institutional investors have also sold shares of the company. 66 funds opened positions while 223 raised stakes.

Most liked

Trump's 'foul mouthed outburst' at White House
As for Africa, he asked why more people from " s***hole countries" should be allowed into the USA , the sources said. The Trump administration has not denied the remarks but has since released a statement .

Immigration Agents raided 7-Eleven stores
Within 20 minutes, they verified that the cashier had a valid green card and served notice on the owner to produce hiring records in three days.

Julia Louis-Dreyfus' sons celebrate her last round of chemo
Julia Louis-Dreyfus has completed chemotherapy, having been diagnosed with breast cancer last September . The expectation is that we will shoot again.

Analysts Showing Optimistic Trends For Tesla Motors, Inc. (TSLA)
Cetera Advisors LLC's holdings in Tesla Motors were worth $720,000 at the end of the most recent reporting period. (NASDAQ:TSLA). Finally, Advisors Asset Management Inc. boosted its position in shares of Tesla Motors by 0.6% in the third quarter.

Mark Hamill says the Force is strong in Ireland
In The Last Jedi , Luke's failings as a teacher resulted in him turning his back on the Jedi and seeking exile on Ahch-To. We see the Force perform acts of telekinesis but it also allows for mental manipulation.

GKN shares jump 26% after announcing rejected bid from Melrose
The engineering group also announced the appointment of interim boss Anne Stevens as the group's permanent chief executive. This is before accounting for the previously announced substantial write-offs in the North American Aerospace business.

Mercedes unveils new MBUX infotainment at CES 2018
With Mercedes me connected services, drivers can remotely lock and unlock their cars with their smartphones. Further reports reveal that the first batch of the new infotainment system will be released this spring.

When Season Eight Of 'Game Of Thrones' Ends, It's All Over
The writers include Mad Men's Carly Wray, Kong: Skull Island's Max Borenstein and Jane Goldman, who worked on X-Men: First Class. Season 1 actor Jason Momoa, who recently visited the set, assures us season 8 will be "the greatest thing to ever air on TV".

Highly Traded Stock: Physicians Realty Trust (DOC)
Independent Order Of Foresters decreased Federal Realty Investment ( FRT ) stake by 32.88% reported in 2017Q3 SEC filing. The most recent open market insider trade was Sell of 25,733 shares on a day where the closing price was 116.44.

1000 horsepower Toyota GR Super Sport Concept unleashed
Yep, while Mercedes shoehorns F1 engines into supercars , Toyota's doing the same with a World Endurance Championship drivetrain. That's thanks to a twin-turbo direct-injection 2.4-liter V6 and the race-spec electric motors of Toyota's hybrid system.

NYC Council Members Jumaane Williams & Ydanis Rodríguez Arrested During Immigration Protest
The statement adds that Ragbir is a long-time permanent resident of the United States, community activist, father, and husband. He has since exhausted his petitions and appeals through the immigration courts, the Board of Immigration Appeals and the U.S.

Diet Coke Announces a Fab Four
Coke says the new look could help attract new drinkers beyond the product's core consumers. Shares of Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) opened at $203.96 on Friday.

Exercise increased caution while traveling to India: US issues new advisory
Embassy Havana employees have been targeted in specific attacks", suffering "significant injuries as a effect of these attacks". The UK, France and China were included in Level 2 - Be aware of heightened risks to safety and security.

U.S. blocks Alibaba's Ant Financial Acquisition of MoneyGram
However, the USA government has blocked the acquisition of Moneygram over national security concerns, according to " Reuters ". The companies couldn't obtain approval from the Committee on Foreign Investment, MoneyGram said in a statement .

Taylor Swift adds show to Arlington stop on concert tour
The tour has the potential of earning as much as a half billion dollars, which would make it one of the top-grossing tours ever. Verified fans, who register for the added show via Swift's website , will have the opportunity to purchase tickets in advance.