trending Market Intelligence /marketintelligence/en/news-insights/trending/p5iqeczgknzahhwyeporfg2 content esgSubNav
In This List

Germany's coalition government reaches agreement on migration

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


Germany's coalition government reaches agreement on migration

Germany's ruling three-party coalition has reached a new deal on the country's migration policy, ending a political dispute that had threatened to shatter Chancellor Angela Merkel's government, Reuters reported July 5.

Merkel's Christian Democratic Union, Interior Minister Horst Seehofer's Christian Social Union, and the Social Democratic Party agreed on a package of measures that deals with asylum-seekers who have already registered in other EU states. They also pledged to introduce an immigration law before the end of this year.

Social Democrats leader Andrea Nahles said the deal will not create transit centers for migrants that were proposed in an earlier compromise between Merkel and Seehofer.

Instead, asylum-seekers will be processed within 48 hours in police facilities along the border if they cannot be taken to the Munich airport for their return to their registered countries.

Christian Democrats Secretary General Annegret Kramp-Karrenbauer said the new agreement sets the foundation for a more unified approach on migration, reported Reuters.

"With this, the entire coalition has committed to the goal to order, control and limit migration," she was quoted as saying in the report.

Seehofer, who had withdrawn his threat to resign after reaching an earlier deal with Merkel, said he was "extremely satisfied" with the new agreement.