Merkel ally wishes German conservatives to retain finance ministry

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Chancellor Angela Merkel’s conservatives need to retain the finance ministry in any potential coalition govt with the Greens and the pro-organization Totally free Democrats (FDP) to protect the policy of a balanced spending budget.

German Chancellor and chief of the conservative Christian Democratic Union bash CDU Angela Merkel and German Finance Minister Wolfgang Schaeuble (R) show up at the CDU bash conference in Essen, Germany, December 7, 2016. REUTERS/Kai Pfaffenbach

BERLIN: Chancellor Angela Merkel’s conservatives need to retain the finance ministry in any potential coalition govt with the Greens and the pro-organization Totally free Democrats (FDP) to protect the policy of a balanced spending budget.

“I would like to see the finance ministry keep on being with us,” Volker Kauder, parliamentary flooring chief of Merkel’s Christian Democrats (CDU) advised Spiegel magazine in an job interview.

Finance Minister Wolfgang Schaeuble, who has agreed to stage down right after the Sept. 24 election that weakened Merkel’s conservative bloc, frequently dismissed criticism of his cherished “schwarze Null” (black zero) or balanced spending budget.

“We want to protect Schaeuble’s legacy,” Kauder mentioned. “I am self-assured that the ‘schwarze Null’ will be a aim of the Jamaica (coalition),” he added, referring to a probable three-way alliance named right after the Caribbean island because its flag is produced up of the three parties’ colours.

(Reporting by Joseph Nasr Enhancing by Michael Nienaber)



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