Talks on forming German Chancellor Angela Merkel’s next government collapsed, throwing the future of Europe’s longest-serving leader into doubt and potentially pointing the world’s fourth-biggest economy toward new elections.
After a 12-hour negotiating session that ended shortly before midnight Sunday, the Free Democratic Party walked out of the exploratory talks, saying the differences with the Green party were too great to bridge. Merkel has sought for four weeks to enlist the two smaller parties for her fourth-term coalition.
“It’s better not to govern than to govern badly,” FDP head Christian Lindner told reporters in Berlin. No further coalition talks were scheduled, he said. There was no immediate comment from Merkel.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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