Germany coalition talks: Merkel aides see breakthrough

Germany coalition talks: Merkel aides see breakthrough

"We are waiting for this quite impatiently".

These preliminary discussions ended with an agreement that formal talks over the formation of a "grand coalition" could begin in the coming weeks and thus end Germany's longest period of post-war coalition building.

Now, the leaders must take the deal back to lawmakers in their own parties, who will determine whether to confirm, change or reject Friday's agreement.

The talks were seen as Mrs...

The news gave the euro a further boost and pushed the single currency to a three year high against the dollar - up 0.8% to $1.2127.

The result came after a more than 24-hour session, which capped a week of negotiations, AP reports.

Details were expected to be released later in the morning.

Social Democrat spokesman Serkan Agci said there had been a "breakthrough" agreed upon by the party leaders - but said final revisions were still being made on the document by negotiating teams, which would also need approval. This after a political deadlock in the euro zone's largest economy that had shed some doubt on the future of Merkel's leadership.

Allardyce confirms Everton's Walcott negotiations
But when asked if Sanchez is replaceable, he said: "He is an exceptional player and if that happens, we must find a different balance in the team".

Germany's election was more than three months ago and Merkel now leads a caretaker government, limiting her ability to take major policy initiatives as French President Emmanuel Macron pushes an ambitious European reform agenda.

The talks are not only crucial for Merkel, but also for Schulz and the leader of Merkel s Bavarian allies, Horst Seehofer, said political analyst Karl-Rudolf Korte of Duisburg-Essen University.

The Social Democrats plan to meet January 21 for a party conference in Bonn to discuss next steps.

Germany's would-be coalition partners have agreed to drop plans to lower carbon dioxide emissions by 40 percent from 1990 levels by 2020, sources familiar with negotiations said on Monday - a potential embarrassment for Chancellor Angela Merkel.

"I think we have achieved outstanding results", Mr Schulz told reporters.

Sunday's talks on the terms of a new "grand coalition" involve 39 negotiators (13 from each party), and will conclude with each party issuing a declaration outlining their key demands. Annegret Kramp-Karrenbauer, a member of the negotiating team for the Chancellor's Christian Democratic Union (CDU), was slightly hurt on Thursday morning, when her vehicle crashed into a truck on the autobahn just outside Berlin, police said. Berlin's partners are eagerly awaiting a new German government to help drive forward Brexit talks, eurozone reform and European Union diplomatic initiatives.

Participants have described the negotiations as "good", but SPD leaders need to convince their party members as they are offering them a vote on January 21 on whether to proceed.

Agreement on one of the most emotive topics to divide the Social Democrats and the most conservative wing of Merkel's camp suggests the parties are close to announcing a decision to open formal coalition talks.

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