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Social Democrats approve German coalition deal

And it’s now done: SPD members have approved the coalition deal with the overwhelming “yes” from 84.6% of those who cast their votes.

15.4% voted against, with 56% turnout, SPD said in a social media update.

SPD visual confirming the Yes vote on the coalition deal
SPD visual confirming the Yes vote on the coalition deal Photograph: SPD

In a separate emailed update, SPD’s secretary general Matthias Miersch said “in these very difficult times in global politics, we bear responsibility for our security, for economic growth, secure jobs and equal opportunities,” Reuters reported.

The approval paves the way for Friedrich Merz to be confirmed as the next German chancellor next week.

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Marion Muehlberger, economist and political analyst at Deutsche Bank Research:

“SPD members have approved the coalition agreement, as hoped, and cleared the way for the election of the next German chancellor on 6 May.

Markets will now be focused on the new government’s 100-day programme, which is expected to be announced next week.

How quickly the new government draws up the budget (and whether it will be passed before the summer break) will be decisive for whether economic policy impulses contained in the 100-day programme can still take effect over the summer.”



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