The euro has fallen this morning after German Chancellor Angela Merkel failed to secure a coalition, meaning the country may need to hold fresh elections.
Merkel (pictured) was re-elected as Chancellor for a fourth time in September but has since failed to secure a coalition as the Free Democratic Party exited talks last night. Disagreements between parties have been on issues including immigration, taxes and climate policies. Merkel has defended her open border stance during Europe's refugee crisis in 2015 and 2016 but this deterred many voters, who switched from the CDU to anti-immigration party Alternative for Germany. According to Bloomberg, Merkel has said she will stay on as acting Chancellor and consult with Germany's President F...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
