German coalition fracturing over immigration issues, Seehofer seeking to resign - AFP

$German coalition fracturing over immigration issues, Seehofer seeking to resign - AFP$

Joshua Gibson FXStreet

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.

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Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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