Thursday 19 September 2013

Eurosceptical party is on the brink of entering the German parliament for the first time

 A new Eurosceptical party is on the brink of entering the German parliament for the first time, an opinion poll showed, casting doubt on Chancellor Angela Merkel's bid to maintain her centre-right coalition and complicating here euro zone  policy.

Merkel still looks set to secure a third term in Sunday's general election. But the Alternative for Germany (AfD), which has risen on a tide of public hostility to bailouts of indebted southern euro zone countries, could further fragment the lower house, forcing her into a right-left "grand coalition".
A breakthrough for the party, which advocates forcing weaker members out of the single currency area, would send shock waves around Europe and could spook financial markets, even though its voice in parliament would be small.
If the AfD becomes the first new party to enter the Bundestag since 1990, Merkel would probably have to negotiate a coalition with the pro-European opposition Social Democrats (SPD), with whom she governed in 2005-2009.
The ruling Christian Democrats (CDU) had tried to ignore the AfD, but abruptly changed tack this week and deployed respected Finance Minister Wolfgang Schaeuble to attack the sceptics, who want Greece and other bailout recipients out of the euro.
Source: Reuters

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