Merkel on Government Coalition Talks' Results: Fresh Start for Europe, Germany

Merkel on Government Coalition Talks' Results: Fresh Start for Europe, Germany

"The negotiations are not just about a coalition, but also their careers".

Borissov will be dealing with numerous political issues during his six months in charge, ranging from migrants to Poland's fight with the European Commission. "We are waiting for this quite impatiently".

Before the two groups move to formal coalition negotiations, SPD leaders need to convince party members to give a green light at a congress planned for January 21.

Merkel, 63, has been acting chancellor since, putting most policy making in Europe's biggest economy on hold.

Germany's acceptance of refugees has been a key part of the deal.

"I am quite satisfied", he said.

The Free Democratic Party and the Greens were seen as the only plausible coalition partners.

Germany is unfamiliar with the long negotiations that mark coalition building in many neighbouring countries. Chancellor Merkel has outright rejected the idea. The Christian Democrats and SPD have governed Germany together for eight of the past 12 years.

A 28-page blueprint pledged close co-operation with France to strengthen the euro zone. The euro's lack of a central fiscal pot to even out recessions has been discussed as one its weaknesses. In early London trading, the euro rallied 0.7 percent against the dollar to hit its highest levels since January 2015 at $1.212 (88 pence).

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For four months Mrs Merkel and her Christian Democratic Union party have been attempting to form a coalition government.

Both sides then need to come to an actual coalition agreement, which would have to be approved in a ballot of the Social Democrats' entire membership.

Before a cluster of media in Berlin, German Chancellor Angela Merkel and her center-left counterparts announced they have agreed to a draft deal for a coalition government.

A collapse of talks, or negative SPD vote, would mean fresh elections and raise questions about Dr Merkel's political future.

Schulz said all 13 Social Democrat (SPD) negotiators had endorsed the preliminary deal.

If the German leader, who is under pressure to end political uncertainty, fails to reach an agreement by Thursday night the talks could be extended or another election could be called. Across the table were negotiators from the SPD, led by Martin Schulz, and the Christian Social Union, the Bavarian conservative party.

DPA reports that party officials also expect it take until April to negotiate a new coalition agreement.

Social Democrats spokesman Serkan Agci said there had been a "breakthrough" agreed by party leaders but said final revisions were still being made on the document by negotiating teams, which would also need approval. Annegret Kramp-Karrenbauer, a member of the negotiating team for the Chancellor's Christian Democratic Union (CDU), was slightly hurt on Thursday morning, when her auto crashed into a truck on the autobahn just outside Berlin, police said. Party leaders were expected to provide details of their agreement at a press conference around midday Friday after internal deliberations.

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