Canada Markets closed
  • S&P/TSX

    21,637.54
    -15.48 (-0.07%)
     
  • S&P 500

    4,704.54
    +15.87 (+0.34%)
     
  • DOW

    35,870.95
    -60.10 (-0.17%)
     
  • CAD/USD

    0.7936
    -0.0001 (-0.0095%)
     
  • BTC-CAD

    70,288.27
    +424.10 (+0.61%)
     
  • CMC Crypto 200

    1,402.14
    -65.80 (-4.48%)
     
  • GOLD FUTURES

    1,861.20
    -0.20 (-0.01%)
     
  • RUSSELL 2000

    2,363.59
    -13.42 (-0.56%)
     
  • 10-Yr Bond

    1.5890
    -0.0150 (-0.94%)
     
  • NASDAQ

    15,993.71
    +72.14 (+0.45%)
     
  • VOLATILITY

    17.59
    +0.48 (+2.81%)
     
  • FTSE

    7,255.96
    -35.24 (-0.48%)
     
  • NIKKEI 225

    29,683.09
    +84.43 (+0.29%)
     
  • CAD/EUR

    0.6979
    +0.0004 (+0.06%)
     

German Greens vote to enter government coalition talks

·1 min read
Germany's SPD, Greens and FDP hold talks to form government

BERLIN (Reuters) - Germany's Green party on Sunday followed its prospective partner, the centre-left Social Democrats (SPD), in clearing the way for official three-way negotiations with the business-friendly Free Democrats (FDP) to form the next government.

Delegates at a Green party conference in Berlin voted in favour of starting negotiations in earnest following initial explorative meetings, which could see the SPD's Olaf Scholz succeed Angela Merkel as chancellor.

The targeted "traffic light" alliance - named after the parties' red, yellow and green colours - would be led by the SPD which came first in last month's election.

A final coalition agreement, which Scholz hopes to strike before Christmas, would again be subject to an all-member Green party vote.

The FDP has yet to give an official go-ahead.

Scholz is currently finance minister and vice-chancellor in the outgoing government coalition between Merkel's conservatives and their junior partner, the SPD. He announced on Friday https://www.reuters.com/world/europe/german-spd-greens-fdp-leaders-want-formal-coalition-talks-2021-10-15 that he and the leaders of the smaller Greens and FDP aimed to move into formal coalition talks.

The Greens and FDP have kept open the option of turning to the conservatives, who have been in office for the last 16 years, should talks with the SPD stumble.

(Reporting by Christian Kraemer und Holger Hansen; Writing by Ludwig Burger; Editing by Frances Kerry)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting