Christoph Bals, Policy Director, Germanwatch, said: «This COP sends a powerful message to
the German coalition negotiations: We expect that Germany implements its climate targets for 2020 and 2030.
Anyhow, there were no major developments on
German coalition negotiations, which likely contributed to the lull in the euro's price action as traders waited for actionable news.
Not exact matches
In previous
German governing
coalitions, the country's finance minister has traditionally been provided by the second - largest party in the
coalition — in the current
negotiations, the FDP — so there was also speculation that prevailing
German political opinion was likely to become more resistant to any future proposals from fellow EU members to reform the region's financial markets through a mutual underwriting of eurozone debt.
After months of campaigning, leading to an election, followed by weeks of
negotiation, the
German Social Democrats and Merkel's CDU / CSU have finally agreed to form a grand
coalition.