France and Germany weighed into the politically heated debate about making the euro zone more resilient against future crises by calling for new fiscal rules.
Dollar fell to a 3-year low, euro edged back after shaking off a setback to Chancellor Merkel’s chances of forging a “grand coalition” in Germany.
Germany’s current account surplus was the world’s largest in 2017, unveiling a record high reading likely to renew criticism of the economic and fiscal policies.
A senior member of Germany’s conservatives said a blueprint on forming a coalition government with the Social Democrats (SPD) would be further refined.
Macron welcomed a deal in Germany between Chancellor Angela Merkel and SPD on opening government talks, saying the provisional terms of the deal were good for Europe.
German Chancellor Angela Merkel’s conservatives and the centre-left SPD pledged to work closely with France to strengthen the euro zone.
German SPD leader said his party had found common ground with Merkel’s conservatives in many areas but there were still “big hurdles” to clear.
SPD sounded downbeat about their coalition talks with conservatives, a day before both camps decide whether they want to move to formal negotiations for a new govt.
German Chancellor Angela Merkel’s conservatives and the centre-left SPD have agreed to provide income tax relief for high earners, a source said.
A man drove a car at the entrance of the Berlin headquarters of Germany’s SPD, lightly injuring himself in what police said was an apparent suicide attempt.
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Business Standard Reports
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