Germany’s $110 Billion Stimulus Talks Snag on Coalition Disputes
- Ruling parties failed so far to agree deal to bolster economy
- No breakthrough seen in haggling between CDU-led bloc and SPD
Pedestrians cross Alexanderplatz square in Berlin on May 20, 2020.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Chancellor Angela Merkel is struggling to resolve differences in her ruling coalition, delaying plans for a stimulus package worth as much as 100 billion euros ($110 billion) to reinvigorate Germany’s faltering economy.
Disputes between her Christian Democratic-led bloc and the Social Democrats are bogging down negotiations, with no breakthrough in sight, according to people close to the discussions. Merkel reconvened her coalition on Wednesday after the parties failed to reach an agreement during nine hours of talks in Berlin on Tuesday.