German coalition fracturing over immigration issues, Seehofer seeking to resign - AFP
|According to the AFP News Agency, party sources from within the German leading coalition have stated that German Interior Minister Horst Seehofer is seeking to resign from his post as Germany's Interior Minister, as well as his seat as the head of Germany's Christian Social Union (CSU), the other half of Germany's CDU/CSU coalition.
German Chancellor Angela Merkel has been scrambling to keep Germany's coalition government on the rails, but a growing rift between the two parties has continued to widen as disagreements over immigration have leadership coming to loggerheads, and Seehofer has been increasingly unsatisfied with Merkel's solutions.
German media is reporting that the Christian Democratic Union (CDU), Merkel's main party, is deeply troubled by the news, and is looking to hold an internal vote on the matter, but will continue ahead with the migration pacts made thus far, and will continue to puruse deals with other EU partners.
Germany's constitution prevents federal ministers from outright quitting their positions, and must request to be dismissed by the German President.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.