Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Merkel 'in good health' and ready to serve full term - chief of staff

Published 17/07/2019, 18:02
Updated 17/07/2019, 18:06
Merkel 'in good health' and ready to serve full term - chief of staff

By Andreas Rinke

BERLIN (Reuters) - Chancellor Angela Merkel is in good health and on track to serve her full term in office through to 2021 in coalition with her Social Democrat (SPD) governing allies, her chief of staff told Reuters on Wednesday.

Merkel, who turned 65 on Wednesday and has been in office since 2005, has suffered several bouts of shaking at public ceremonies in recent weeks that have fuelled speculation about her health, though she has insisted "I am fine."

Chancellery chief Helge Braun stressed that Merkel had stood for a fourth term with the intention of completing it.

"She is in good health," he said in a television interview, adding that "of course" she was fit to serve out her term, due to run until federal elections in October 2021.

"She stood for four years in office and the tasks we face make it necessary that we complete this time in office," he said.

In addition to speculation over her shaking episodes, Merkel's fourth term is being dogged by questions about whether the SPD will pull out of the loveless ruling alliance, which many in the left-leaning party want to quit.

The SPD suffered its worst showing nationwide since the return of democracy after World War Two in a European election on May 26, prompting its leader to resign and throwing the party into a fresh round of soul-searching.

An end to the coalition could yet be precipitated by regional elections in three eastern states in the autumn. Polls show the SPD is set to perform poorly.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

But Braun expected the SPD to remain in the government with Merkel's conservative bloc, known as the Union.

"I don't think the SPD will bow out," he said, noting that the government must deal with Brexit and help shape Europe's future when Germany holds the rotating European Union presidency in 2020.

"I can't expect a German Volkspartei (big tent party) to say 'this is the moment for us to turn back and deal with ourselves'," he said.

The SPD opposed the nomination, approved on Tuesday by European lawmakers, of Ursula von der Leyen - a Merkel ally - as the next European Commission president.

WEIDMANN TO IMF?

Asked whether Bundesbank chief Jens Weidmann would be a good fit for another, now vacant, top international job as chief of the International Monetary Fund, Braun replied:

"Of course he would be, but we have just got a big European job with Ursula von der Leyen as Commission president - that is something we should be pleased with before we think about whether many more other Germans could get top positions."

On domestic policy, Braun said the coalition would reach an agreement this year on a binding plan to ban the use of the plant protection agent glyphosate: "We will agree this year."

Germany's Bayer (DE:BAYGn) has seen its shares under pressure following its $63 billion acquisition of Monsanto (NYSE:MON), which brought with it massive legal issues after more than 13,400 plaintiffs alleged the company's glyphosate weedkiller caused cancer - a claim Bayer contests.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

On environmental policy, Braun said he expected the government to agree carbon prices to incentivise savings in climate-damaging emissions, as Germany struggles to meet its 2030 environmental targets.

"This decision has not been taken yet, but I expect we will include a model of CO2 pricing in the overall basket on compliance with climate goals," he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.