Germany: Next step towards a new government - ING
|Carsten Brzeski is Chief Economist, Germany at ING, expresses his take on the German political environment, in the wake of Sunday’s SPD party delegates’ green light to start coalition talks.
Key Quotes:
“Almost one year after Martin Schulz was elected as new SPD party leader by a smashing 100%, the SPD decided on Sunday to start official coalition talks with Angela Merkel’s CDU.
At the SPD’s party congress, delegates voted by 362 to 279, with one abstention, to press ahead with negotiations. This relatively narrow margin for the supporters of another grand coalition was the result of a recount after an initial show of hands was too close to call.
SPD delegates give party leaders homework for coalition talks
Following months of political deadlock, the SPD brought Germany one step closer to a new government. Remember that the elections were held on 24 September last year. The official coalition talks will start today. Given the very detailed informative talks in January, the official coalition talks should not take too long - if all parties stick to the desired results.
Tougher nut to crack is on its way
A lot will now depend on how many topics the SPD will really want to re-open in the negotiations. However, once there is an official coalition agreement, all SPD party members, more than 440,000, will get the chance to vote for or against it. Compared with Sunday's party congress, this party members’ vote will be a much tougher nut to crack.”
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