February 5, 2018 / 11:37 AM / a year ago

German would-be coalition allies reach deal on Europe, SPD says

Social Democratic Party (SPD) leader Martin Schulz makes a statement before the coalition talks at the Social Democratic Party (SPD) headquarters in Berlin, Germany, February 4, 2018. REUTERS/Axel Schmidt

BERLIN (Reuters) - Chancellor Angela Merkel’s conservatives and their would-be coalition partners, the Social Democrats (SPD), have concluded their talks on Europe with an agreement to invest more in the euro zone and end austerity, SPD chief Martin Schulz said.

“Today we have completed the consultations in the field of Europe,” Schulz said on social media on Monday, adding that the agreement included: “More investment, an investment budget for the euro zone and an end of forced austerity!”

Writing by Paul Carrel; Editing by Joseph Nasr

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