Must act quickly on European investment budget - Merkel

Tuesday, 13 Mar, 2018

Germany's new grand coalition "didn't start off as a marriage of love" but marks the end of a period of political uncertainty, interim leader of the Social Democrats Olaf Scholz said Monday, as the coalition parties ready to sign an agreement.

The path was finally cleared for Chancellor Angela Merkel to revive the coalition of her Christian Democrats (CDU), her Bavarian-based allies the Christian Social Union (CSU) and the SPD after Social Democrat members voted to approve the deal two weeks ago.

"But one also has to say the visions from Finland to France, Italy, Ireland, Germany are not yet so well worked out - so we have to speak about what we want, how this relates to the whole European budget, which we also need to prepare anew. I am convinced that after the election in Russian Federation we will have a new start whereby we can make a true attempt and see whether we can make qualitative progress on the Minsk agreement", she added.

U.S. President Donald Trump chose to raise the import tariffs on steel and aluminum products, drawing worldwide criticism as many countries are anxious about a trade war between the United States and other countries.

Merkel welcomed talks the European Union has already started, and said the new German government will hold talks of its own.