PIF announces pricing of $1.25 billion international sukuk offering    GAMI is organizing Saudi pavilion at Athens International Defense and Security Exhibition    Businesses count costs as India and Bangladesh impose trade restrictions    Israel fires largely controlled after mass evacuations    Donald Trump looms large over Australia's election    Trump ousts Waltz as national security adviser, nominates him for UN post    Saudi economy posts 2.7% growth in 1Q 2025    Saudi Arabia to rehabilitate six hospitals in Sudan    New Parkinson's Pump therapy introduced at King's College Hospital London in Dubai First-of-its-kind treatment offers a new lease on life for the youngest Parkinson's patient in the UAE and MENA region    Over 650,000 visit Saudi Arabia's 'Jusoor' exhibition in Jakarta in just six days    Makkah Mayoralty approves 3,149 Hajj housing permits for over 1.8 million pilgrims    King Charles sends heartfelt message to fellow cancer patients    FlyAkeed unveils AkeedAI at ATM Dubai — redefining the future of corporate travel with agentic intelligence    Al Nassr crash out as Kawasaki Frontale reach AFC Champions League Elite final    HR Ministry approves regulations for job ads and interviews in private sector    Saudi Transplant Congress discusses scientific advancements and innovations on organ donation and transplantation    Al Ahli stun Al Hilal to reach AFC Champions League Elite final    SR200,000 reward for each player of the Saudi club winning AFC Champions League title    William and Kate celebrate anniversary on Isle of Mull    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Germany"s Free Democrats endorse government coalition deal
Published in Saudi Press Agency on 25 - 10 - 2009


The pro-business Free Democrats (FDP) on Sunday
endorsed a coalition deal designed to let them govern Germany in a
conservative government led by Chancellor Angela Merkel for the next
four years, according to dpa.
An overwhelming majority of the more than 600 delegates at a
special party congress approved the 124-page programme worked out
with Merkel"s Christian Democrats after three weeks of negotiations.
The FDP would have five ministers in the new government, including
the post of foreign minister for its leader, Guido Westerwelle, who
is also set to become deputy chancellor.
"Germany will in future be governed from the centre, from a
coalition of the centre," Westerwelle told delegates, dismissing
opposition claims that ordinary citizens would be worse off under the
new government.
The agreement, which came almost a month after Merkel"s
conservatives and the FDP won a parliamentary majority in a general
election, paves the way for the centre-right government to take
office on Wednesday.
Legislators from all three coalition partners approved the deal on
Saturday. The Christian Democrats and the CSU are set to hold party
congresses on Monday so it can be formally signed Monday evening.
The new coalition enjoys a 20-seat majority in the 622-member
lower house, or Bundestag. Parliament is set to re-elect Merkel on
Wednesday, with the cabinet to be sworn in the same day.
Merkel said her new government would concentrate on spurring
growth in Europe"s biggest economy, which has recently shown signs of
emerging from its worst recession in 60 years.
Key points are 24 billion euros (36 billion dollars) in tax cuts,
some which will come into force next year, increased family benefits
and an overhaul of health care funding.
There was also agreement to prolong the life of nuclear reactors
due to be phased out by 2020, a move which overturns a policy adhered
to by Merkel"s previous coalition with the left-of-centre Social
Democrats.
On foreign policy issues, the coalition partners agreed to end
German involvement in the UN naval mission of Lebanon and support EU
negotiations on membership for Turkey, without committing themselves
to a definite outcome.
Meanwhile, incoming Finance Minister Wolfgang Schaeuble warned
that Germany would not be able to produce a balanced budget during
the four years the new government is in office.
Schaeuble told the newspaper Welt am Sonntag that the government
first had to deal with "the enormous amount of debt" amassed for
measures taken to contain the economic and financial crisis.
The minister said it would not be possible to introduce belt-
tightening measures or begin repaying the debt until the crisis had
passed.
"No one can say with certainty when this will be," he said.
--SPA


Clic here to read the story from its source.