Germany’s Social Democrats widened demands on workers’ pay in the last 72 hours of coalition talks with Chancellor Angela Merkel’s bloc, prompting industry fears that the country’s labor-market rules are being unraveled.
German Chancellor Angela Merkel’s top Bavarian ally said her bloc will concede to the Social Democrats’ demand for a minimum wage, signaling the parties will overcome a chief hurdle in talks to form a government.
Chancellor Angela Merkel’s Bavarian allies warned the Social Democrats to reel in their spending demands, citing “difficult days” ahead as they aim to complete talks to form a German government by the middle of next week.
German Chancellor Angela Merkel faced down growing frustration in her party over concessions made in coalition talks with the Social Democrats, saying that she’s confident the two sides will strike an accord within days.
German Chancellor Angela Merkel and the Social Democrats deadlocked on labor issues including setting a national minimum wage, jeopardizing their self-imposed deadline of forging a coalition deal in seven days.
European Union ministers overcame German unease on direct aid to lenders and agreed on rules for how public funds can be made available for banks shown to have insufficient capital in upcoming balance-sheet checks.
Chancellor Angela Merkel urged Germany’s opposition Social Democrats to get serious about signing on as the junior partner in her third-term government, saying the time to dwell on policy differences is over.
German Chancellor Angela Merkel and the Social Democrats are entering their first week of negotiating the substance of a new government with the fight for control of the finance ministry looming in the background.