After a torrid for German politics 24 hours, in which CSU leader and German interior minister Horst Seehofer first offered to resign, only to withdraw his offer shortly after and replace it with another ultimatum for Merkel, the whole world was on edge to see if Merkel and Seehofer would have a final falling out over Germany’s refugee situation, or if they would somehow kiss and make up in the 11th hour (and 59th minute).
The answer, it turns out, was the latter and moments ago Seehofer said that he would not resign as the migration clash with Merkel had been resolved, and that the CSU and CDU had reached a “clear agreement.”
- GERMAN CSU LEADER SAYS MIGRATION CLASH WITH MERKEL RESOLVED
- GERMAN INTERIOR MINISTER SIGNALS END TO MERKEL COALITION FIGHT
While initial details were sparse, the news that Merkel’s fate was again safe, has so far resulted in a 25 pip spike in the Euro which is back to 1.1645, after trading briefly below 1.16 earlier in the session; however the common currency is still below where it started off the session, perhaps as traders were looking for more details.
via RSS https://ift.tt/2lOqd5W Tyler Durden