Merkel, SPD agree in coalition talks to push for transaction tax


  • World
  • Wednesday, 30 Oct 2013

Leader of Germany's Social Democratic Party (SPD) Sigmar Gabriel (L) welcomes German Chancellor and leader of the Christian Democratic Union (CDU) Angela Merkel at the SPD headquarters before coalition talks between Germany's conservative (CDU/CSU) parties and the SPD in Berlin October 30, 2013. REUTERS/Tobias Schwarz

BERLIN (Reuters) - German Chancellor Angela Merkel's conservatives and the Social Democrats (SPD) agreed in a second round of coalition talks on Wednesday to push for a financial transactions tax in Europe if they manage to form a new government.

"We agreed to push ahead with the financial transactions tax," said SPD negotiator Martin Schulz, president of the European Parliament, after a meeting of the main group of 77 negotiators from Merkel's Christian Democrats, their Bavarian Christian Social Union allies and the SPD.

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