Amid market rout, Merkel ready for coalition compromise for a stable govt

Must not lose sight of the important points, when we look at the turbulent stock market developments of the last few hours, said Merkel

Chancellor Angela Merkel called on Germany’s prospective coalition parties to compromise, pointing to turbulence on global stock markets as adding urgency to talks to end the country’s political impasse. 

After more than four weeks of coalition negotiations between her Christian Democrat-led bloc and the Social Democratic Party, Merkel faces the most serious deadline yet in her bid for a fourth term. The deadlock, two days after a Sunday target came and went without a deal, comes as first Asian and then European markets tumbled, sending a gauge of world stocks toward the biggest three-day slide since 2015.

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