Germany's Seehofer: party isn't seeking to break Germany's coalition

Joshua Gibson FXStreet

Germany's Interior Minister Horst Seehofer is hitting wires with comments meant to cool off concerns that divisions within Germany's ruling coalition are continuing to widen.

Seehofer, the leader of the Christian Social Union, the political party that is the other side of Angela Merkel's political coalition, made a point of stating that he is in no way looking to break up the current coalition government, nor does Seehofer have any wish to oust current German Chancellor Merkel from her position. Seehofer also noted that his party is actively seeking a solution to the current immigration dispute within the coalition, and he's hopeful and optimistic that a resolution will be reached quickly.

On Tuesday Germany's Finance Minister delivered some glum lines to the German press, stating that he "doesn't exclude" the possibility that the two parties will reach a consensus over the current immigration issue, a negative-toned delivery that sent market speculation of a possible break-up of Germany's current coalition rising through the day and adding tensions to markets that were already decidedly tense.

Author

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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