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Angela Merkel Averts Crisis, Forming Government With S.P.D. Again [The New York Times]

NEW YORK TIMES (NYT)  More Company Research Source: The New York Times
Last new york times earnings: 8/8 08:30 am Check Earnings Report
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PDF So unpopular was the prospect of another stint in government with Ms. Merkel that the Social Democrats had promised their 463,000 members a vote on the coalition treaty, effectively making them the arbiters of whether their nation of 82 million people would finally have a government. Some 78 percent of party members voted, of which more than 66 percent supported the new government. “The members of the Social Democrats did not take this vote lightly,” said Olaf Scholz, the party’s acting leader, after Dietmar Nietan, treasurer of the Social Democrats, also known by the party’s German initials, S.P.D., announced the decision. The vote came four months after Ms. Merkel failed in her first attempt to build a coalition. It also came after Martin Schulz was forced to hand over the reins as leader of the Social Democratic Party. The result means a new German government could be sworn in as early as March 14. The new administration, however, will lack the strength of its predecesso [Read more]

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