German SPD picks government critics as leaders in blow to Angela Merkel

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BERLIN (BLOOMBERG) - Germany's Social Democrats elected a leadership that favours exiting the coalition with Chancellor Angela Merkel, increasing the risk of an early end to her tenure.. Read more at straitstimes.com.

BERLIN - Germany's Social Democrats elected a leadership that favours exiting the coalition with Chancellor Angela Merkel, increasing the risk of an early end to her tenure.

The victory of Walter-Borjans and Esken, who favour taxing the rich, boosting welfare spending and abandoning Germany's long-standing policy of a balanced budget, will certainly weaken pro-government forces. Indeed, Merkel this week had made an unusual plea to see the alliance through to 2021, saying there was still much to be done.

But breaking up may become a drawn out process, with last-minute attempts to patch things up. In addition to a straight vote on leaving the coalition there will be proposals at the convention setting out conditions for staying, potentially paving the way for prolonged negotiations.

 

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