This comes after the news that the prospective “Jamaica coalition” with the German Free Democratic Party (FDP) the union of the Christian Democratic Union of Germany (CDU) and Christian Social Union in Bavaria (CSU), led by Merkel, and the Greens on Monday collapsed because the FDP announced its withdrawal from the coalition talks.
On Monday morning, when the German Chancellor emerged without an agreement after marathon talks, giving rise to the probability of new elections. The leader of the AfD party spoke to the media on the situation.
The European currency plunged to a two-month low against the yen on news that Merkel may be in trouble. The CDU/CSU bloc could agree to form a minority government with the Greens, but if no government is formed, a new parliamentary election will have to be scheduled.
German voters are against holding another election and a majority want the talks to succeed.
Chairman of the Free Democratic Party (FDP) Christian Lindner, said: “It’s better not to govern than to govern badly.” Lindner spoke to reporters in Berlin said there was “no basis of trust” between the parties.
Germany held a parliamentary election on September 24. Chancellor Angela Merkel’s ruling CDU/CSU alliance won the election with 33 percent of votes and obtained 246 seats in the parliament, the worst result for the Christian Democrats since 1949, according to Reuters.
The Alternative for Germany (AfD) party, came third with 94 mandates, while the SPD came in second, with 20.5 percent of the votes and 153 seats.