a mysterious -- ministerial post, and with the spd in chaos.arah: for the latest twist in his political drama, let's bring in our political correspondent at the parliamentary's studios. thomas, all of this hard work on the coalition government. now this. how surprising was this development, would you say? >> it is certainly surprising, in particular, for those in germany who thought after months of uncertainty, germany's political troubles were about to come to an end with the finding of the coalition only a few days ago. but this is another chapter of germany's political drama, and certainly a big development in germany, a big development also for the spd. if you ask why this happened, the reason is the debate on personnel, the debate on who would do what in another grand coalition overshadowed the debate on content. this is something that martin schulz in his statement try to mention, as well as other politicians from the spd. it is time to talk about content, and that is why he decided to take a step aside. for him, and incredibly difficult

i think the real issue here from the position of spd members is different. these are members of health, policy, pensions, the labor market the spd has been able to get a couple of pragmatic movements. no big visible one of reforms. the question is whether that is the pragmatic progress, and whether that is enough >> so we're talking about more fiscal spending here as part of the mix? >> we are, definitely. that was very clear going to into the negotiations already a couple of weeks ago. greater fiscal spending, that's a given. >> we'll leave it there. thank you very much for that carson nickel from teneo intelligence let's look at the markets in europe it is a turnaround of sorts. so the two-way volatility seems to be back in the global market. but there is this ongoing tension between ro bubust earni, robust underlying economy and this move higher in the rates market and the u.s. ten-year yield as well. a lot of focus on european earnings, in commodities, oil and gas, rio tinto announcing a buyback. they raise their didividend. watching the banks as well le

he has given up the spd presidency.has been a tense day in berlin, but the next decisive phase is now beginning. the spd membership will begin voting in a few days. the results should be known on march 4. only then will it be clear whether there really will be a new grand coalition. brent: i'm joined now here in the studio by our chief political correspondent, melinda crane. finally after a series of late-night stakeout's waiting for a deal to be reached. it is good to have you here in the warmth for a change. what did we see today? we heard a lot of statements, we heard there will be more party negotiations, but we cannot forget that this deal is not done yet. the rank and file of the social democrats have to give their blessing. melinda: that's right. this will go to a vote by the full party membership. that's a lot of people. and the fact is that many of them entered -- not many of them, but up to 5% of the party membership are new members who have just joined in the last few weeks, many with the express aim of votin

down.ctually coming reports suggesting in terms of the internal spd polls, they are voting ino the spdalition, but of course, if the national guard continues to suggest this, there are definitely risks that the spd could actually surprise and we might get a vote rejecting the grand coalition. been telling clients is there are these two political risk events taking place on the fourth of march. i have a greater iron germany as germany asal one that the potential one that might be where the focus is. guy: we will see. derek halpenny will stick around. he will join us on bloomberg radio shortly at 9:00 a.m. if you're a bloomberg customer, ,ou can watch this show including the video stream, radio stream, including the functionalities we put up. tv on your bloomberg. this is bloomberg. ♪ ♪ matt: welcome back to the european open. i am matt miller in berlin. we are 45 minutes into your trading day with gains across the board. a group has lowered its holdings of deutsche bank. waschinese conglomerate reducing its stake following a squeeze on its finances. entered --s has also come into a

the spd once to -- the spd wants to curb the use of part-time workers in germany. spd has wanted to try to get rid of the two-tier health care system that germany has, the public and private system. the way they figured they would do that is to curb higher paid to doctors for private patients, thus rendering the private health care pretty much useless. so, it is widely expected, whether you listen to people spd,the cdu, csu, or that they will come to these agreements. these talks will be successful today or tomorrow, the question is, will the spd's voters agree to that when they put it to a broader party base of 440,000 members later on? anna: that will be the big question then, matt. you suggest at least, that talks are expected to be successful. what could go wrong here, though? matt: well, first of all, they could have issues. they could have stumbling blocks. we have seen those surprises before. everybody expected the coalition talks for the so-called jamaica coalition to be successful, and they were not at the end. so, you could see failure within the next cou

that was simon evans >>> coming up, the leader of germany's center left spd is no longer the leader, he resigned as the party is divided over joining the coalition government we'll discuss that after this break. jimmy's gotten used to his whole room smelling like sweaty odors. yup, he's gone noseblind. he thinks it smells fine, but his mom smells this... luckily for all your hard-to-wash fabrics... ...there's febreze fabric refresher. febreze doesn't just mask, it eliminates odors you've... ...gone noseblind to. and try febreze unstopables for fabric. with up to twice the fresh scent power, you'll want to try it... ...again and again and maybe just one more time. indulge in irresistible freshness. febreze unstopables. breathe happy. >>> welcome back to "street signs. i'm willem marx. meez are your headlines. credit suisse posts its third straight annual loss but it's better than expected and shares rise as the ceo says market volatility should not raise alarm bells. >> there's some discomfort because people realize volatility of the market can go up or down, but that's by definition

the move comes among widespread disenchantment with his leadership within the ranks of the spd party.embers are gearing up to vote on a deal with angela merkel' conservatives. ssenior members say they will back schulz's nomination for the new leader. for more on this, let us bring in political scientist kristof gnguen. we know they are trying to manage a smooth transition now, but it is a critical moment not only for the spd but for the country. they need to approve the proposed coalition with chancellor angela merkel's conservatives. does this throw a wrench into that process? kristof: i think the hope was the leadership transition would beast mode. fact that there -- would be smooth. the fact that there are some people would be unhappy shows the transition has not been smooth. the fact that we talking about it now means they have not succeeded. i think their hope is now by putting this off until april, they are giving themselves a little bit of breathing room until march when the members of the spd gets a vote on whether or not they approve it. sarah: let's start more about the boat

reiner: we heard from high-ranking spd members.ve tomorrow in this politician said he will not have a good deal than a false compromise today. matt: the main question i had this weekend was even if they do get a deal, what are the chances that the base supports it because the social democrats are going to push it 440,000 voters later on. polls are showing some positive midair. rainer: we just had a poll at the end of last week which showed there is a majority now of supporters which is not the same as equity members. that is a pretty good indication that the majority of supporters back another grand coalition with cdu. that compared to the minority one month earlier for another grand coalition. we are seeing some improvement. it will just depend on the spd getting some goodies in the talks, like yesterday, we had some improvement on housing. guy: once this is done, how does the other parties react. how does the spd deal with this grand coalition? what does the amd do? they seem very quiet at the moment. when that grand coalition ge

mark: really quickly, 464,000 spd members had to approve this coalition. will they? well, it is a good question. certainly there is a degree of uncertainty. but if you look at the membership, the membership of the spd is old, and they are conservative and they want stability. if you think about that, they will probably approve a deal, but there has been a flock of also justs coming in to express their protest against the coalition. this vote is a bit unpredictable , but if you take a positive view, it will probably go through. mark: thanks for joining us. birgit jennen live in berlin. vonnie: rick follow for our conversation later on with former ecb president john country shape, 11:00 a.m. eastern. time for "first word" news. here's taylor riggs. taylor: the european economy will grow faster than expected this year and next. the eu forecast 2% growth in 2019. but it also says inflation will remain subdued. that is a disappointment to the european central bank. taiwan, hundreds of rescuers are searching for people cap in the rubble after a killer earthquake. at least

as you remember, the spd was very, very reluctant to enter into coalition talks at all. they held a party conference essentially to get their party delegates' ok on moving forward on the basis of additional exploratory talks they had with the conservatives. there had been kind of a general agreement after those exploratory talks. at that party conference, the delegates said, we have to up the ante on two of those points. those are the points they are hung up on tonight. they are labor law -- it is very important for the spd, for their base, to really move against limited-time contracts, where there is no clear reason for the contract to be temporary. this is about stability for workers, a core issue for the social democrats. the second area is also of course importance for the social democrats. it is health. germany has a two-tier health system in which some people are insured by private insurers and other by public insurers. public insurers pay lower doctors fees, which means the patients also face longer delays and sometimes inferior treatment. the spd wants that syste

we reported on the spd's problems.ine as a broad-based party which parallels the decline of unions and classic industrial jobs. we reported on that today from the sadiq khan dues aboard -- rg.m a city called duesbo it doesn't have the classic industrial jobs. there is a whole element of uncertainty in the spd's base that makes this ballot harder to predict and perhaps in the past. guy:uncertainty in the spd's th. joining us out of berlin. let's focus in on the agreements and the wider economic implications. we had the bank of england today but the ecb remains firmly in focus. that's go to manus cranny in frankfurt. he has a guest for us. manus, the conference is quite a mouthful. >> it is. we have huw r. pill from goldman sachs. it's former central bankers and current central bankers. there is one man who can perhaps context.in you just got off the plane. some up your contribution to the six days of volatility. is this a more realistic pricing of markets? we have to consider that normalization and volatility are back o

coalition talks continue past the sunday deadline as angela merkel conservativ conservatives and the spdail to find common ground on the labor policy >>> okay let's bring you up to speed with the eurozone pmi numbers if i'm just trying to bring them up here. and i think -- oh, here we are, eurozone generally, final composite pmi number is a strong one on the face of it. 58.8, 58.6 was the flash number, so we've exceeded expectations on that one. the december final number was 58.1 so, this is a very strong number for the head line final composite. let's break this down. final services pmi coming in at 58 above the flash figure of 57.6 the december final figure was 56.6 the final composite price for pmi, 54.8. 54.6 was the flash, the final, 58.2 so far, so good. the numbers are exceeding what we saw in the prime month and also at first blush. new business pmi, let's give you that one as well this is supervises, 57.2 flash, 57.2, december final, 56.7 you would expect that the euro would move on this one and let's take a look at a single european currency 124.56 muted reaction at this stage

. >>> moving to politics, the likely new leader of the spd says the party will stand up to chancelarerkel's cdu in a new government former labor minister andrea nahles said the party needs to reinvent itself. earlier today annette asked how coalition talks with progressing. >> i'm convinced the vote will be in favor. it's a good thing we have an in depth agreement on the coalition agreement. what is in the agreement and there is a clear spd footprint in the agreement, but what is more important is that it offers the opportunity for a new european/german policy much more responsive to the challenges we are facing in europe we have to stabilize in the first instance the eurozone. in the second instance we have to strengthen the social dimension of europe. and on the 17th of november last year, the head of state decided on the so-called social pillar -- the pillar of social rights, sorry. we have to bring that into practice people can really make the experience that europe has an added value for their life, for their social life. and here i think germany has to deliver. what is in the c

the spd will get the foreign, finance and labour ministries. martin schulz has been offered the role of foreign minister and will step down as party leader spd members now have to ratify that deal. speaking after the coalition was announced, angela merkel said the deal contained the foundations for a good and stable government. >> translator: the people had two justified demands for us firstly, do finally form a government and a stable government secondly, during the negotiations, do consider intere people i'm sure the coalition contract is that, the foundation of a good and stable government and which by the way many in the world expect from us. >>> there were some casualties for the spd. martin schulz has announced he will step down as leader of the party. it's expected that nahles will be elected leader at a party congress nahles said the fight pictuuturp was a key focus of the talks >> translator: it was important for us to achieve a policy shift in one particular area, that was the policy towards europe. and i want to be clear, this was on

melinda: we have just heard from a spd spokesperson who says tomorrow is absolutely the last phase.is the moment when we will know if the negotiators have succeeded. some are burning the midnight oil. earlier we had said that todd said adjourned but that is not quite true talks -- talks had adjourned but that is not quite true. they are apparently trying to break through in the process those described as being very controversial and intensive. the spokesperson said there has been some progress but they are not where they want to get yet. he was asked, is it possible they will not reach agreement tomorrow? he says the will is there but there is delay. brent: what is the big holdup? melinda: at the moment they are talking about health care. germany has a two-tier system. there are private insurers who can be more selective about who they taken and there are public insurers that are essentially required to take anybody who applies. the public pay lower fees to doctors. the private insured sometimes have to wait longer. social democrats say that is a two class system and they do not wan

brent: another coalition with the spd will do little to improve the situation. >> the chancellor has moved to placate her opponents. reporter: half of all her cognitive posts will be -- cabinet post will be filled by women. facing the critics will be the tasks of the general secretary. she promised to restore the parties pressed each -- prestige. >> for this i ask for your trust. reporter: her speech by contrast drew enthusiastic applause. outgoing interior minister and health minister. the message to party leader was clear. the party may follow her but it is not quite convinced. brent: with angela merkel making clear moves to revive her party possibly for the most merkel area -- era, today's report from the cdu conference. reporter: angela merkel is opening up for her party. yen spohn will take up the coalition of health. she has also established another finger appeared -- finger appeared party secretary was designated with resounding support. it is a sign that the german chancellor is willing to hand over some of the control in a bid to solidify her own support within her own cdu p

what's the story with the spd?say we were at a political carnival in berlin, particularly in self-destruction mode. is this party fit for government? many voters, many members ask that. want toe doubts if they be governed in the next four years by this kind of a party, which is in turmoil. matt: guy? guy: good morning from london. where does it leave the cfu? there's a lot of political space on the right in germany right now, which is not occupied. and i'm just wondering what happens there. >> much of this political space is indeed up for grabs, and that means also, how do you define the agenda issues that try to appeal to voters, who in the past have voted for the social democrats or the christian democrats or csu and have no wandered off further to the right? linehere is also a red that is dangerous to cross, because you are in many ways pointing to an agenda that the alternative for germany is trying to popularize in the country, and hence you should be careful how far you are going to go down that hole in terms

what did the spd get?l to the grassroots -- grassroots within the spd. we are not quite there. this is how german markets are reacting. that is what government bonds and euro-dollar is doing, flat at 1.2376.e this is bloomberg. ♪ ♪ guy: let's look at some of the top stock stories we are watching at bloomberg. here are the details. ofra: the biggest maker industrial enzymes dropping the most since august and hitting its lowest since august. fourth quarter ebit was in line but investors have said household cares have failed to deliver. there is comfort in food and beverage. even though novozymes proposed dividends, the stock is still down 5.7%, the worst performer on the stoxx 600. ,arlsberg dividend is going up but the russian business is going down. that has had a negative impact on the stock, down 3.2%. finally, abn amro, fourth-quarter operating profit beat, but morgan stanley pointed to the mixed news on capital trumping that beat and the company said it will wait till later this year to decide on payin

yeah well what would it mean for the sp i mean what what shape is the spd and how strong it is. with is. the situation. it was also rather difficult particular because is it immediately after the election tha they want to go and. do that they will be kind do okay that's a want to become an opposition party. and. they didn't expect t see her because he or she asia with the christi democrats and the greens greens that the liberals would far. and then brought him in and he qui a difficult one. because they d just to turn around a hundred and eighty degre. which is not the particular he not by the left wing. but. in case the party who wrote. the negative says we dot want to ve a rporatio there is no pn b. for the day after. they then. arthur says it is susan. the social docrats would be quite a costly situation. because the leadership would have to regard convey the membership voted to gain some that will be a vote mistrusting a leadership. then the question arises wh. would be able to be the party leader. l. wish cortices. the. social democrats would come in cebu trouble. also righ

oliver: the spd party is struggling since the election itself.y suffered the weakest election results, the worst election results, in modern german history. the big question is how to move forward. it was very complicated for the party to agree on a new grand coalition deal with the cdu party. they had to promise their party base that they would be able to vote on this agreement. this is going to happen very soon fm now. but there is this group of young social democrats, who are fighting desperately against this to happen, against the spd party being part of another government. they believe they can only regain strength in the opposition. so it will be interesting to see what the outcome will be of this vote. sarah: oliver, what do all of the german public make of all of this? i understand we have new polls that have been released today. oliver: that is right. the new polls see the far right afd party coming out second strongest after the cdu party, even before the social democrats. that is something unheard of. that has never happened before in

, i would agree that it is no longer the same, we now have a coalition of official losers, both the spd cdu of angela merkel have lost more than have been present at the general election last autumn and in the meantime they have lost even more, you could say they have lost more than 20% of the votes in 2013. it is a different situation absolutely. what is your strategy in the md? will you be looking for spoil was looking for a fight or will you try to be construct a? you are now, in essence, the biggest opposition party. we are. but fighting is not an end in its own right, of course. we are not fighting just for the sake of fighting, we are fighting for bringing germany back on a legal track where laws are not violated all the time, especially when it comes to europe rescue and the border controls and immigration. so we are trying to bring back a little bit more direct democracy that is that people have the say in the bundestag began, which they didn't have for a long time. —— again. bundestag began, which they didn't have for a long time. -- again. your bedfellows in the europe are, i

i think longer-term what might be more important is the spd vote here in germany.t a government together, get this grand coalition to work. membership does not approve that, longer-term volatility could pick up. some of the market things we have seen in 2017 in the euro area, the positivity we have seen could unwind itself if we don't come to an agreement in germany. alix: what is the probability of that? richard: pretty low. the spd leadership has been optimistic about the possibility they will actually approve the grand coalition. but the actual vote at the first stage at this time last month was 55% in favor. butill still be a close run the market base case and the spd base case is that it will be approved. alix: also trying to look at what is happening with bunds. looking at italian 10-year yields versus the germans. not blown out like we thought. look into monday, getting past the potential elections, coalition, what happens after that? richard: richard: there is a risk for the euro currency to be asymmetric. if we get a wonderful result from the italian elect

the spd made a strong case they want to have this powerhouse so they can make their mark in europeany as well. the currency weakening as much as 1.2% in shanghai, the biggest move since the 2015 devaluation after data showed was cuttrade surplus h by half. >> even the path of true love is not smooth. nothing goes in a straight line. this was going in a straight line and is in reversal. volatility is infectious. event like the boe, new zealand, you are getting bigger moves in the currency than we would ordinarily see. import numbers from china did not look pretty. basically the pboc are talking about current account liberalization, particularly the bond market, so we are getting some two-way moves. ♪ ramy: welcome back to "bloomberg best." bloomberg television spoke exclusively with the presidents of three regional banks. bill dudley has been outspoken in his view, the recent fluctuations in equities will have no impact on monetary policy. kathleen hays spoke with him on thursday. we have had today has no implications for the economic outlook. it proceeded a very large rise, so it sto

among the positions, the finance ministry, which has gone to the spd.ow much of a concession is that? might there be some grumblings within her own party? >> it is a big concession. it was her party, the cdu, should keep the finance ministry considering they were ahead in the polls in the election. the spd made a strong case they want to have this powerhouse so they can make their mark in european policy as well. yuan weakening as much as 1.2% in shanghai, the biggest move since the 2015 devaluation after data showed china's trade surplus was cut by half. do we have a two-way trade? >> that's exactly what's happening. even the path of true love is not smooth. nothing goes in a straight line. this was going in a straight line and is in reversal. volatility is infectious. for a given event like the boe, new zealand, you are getting bigger moves in the currency than we would ordinarily see. import numbers from china did not look pretty. basically, the pboc are talking about current account liberalization, particularly the bond market, so we are getting som

coalition agreement reached in germany between chancellor angela merkel and the social democrats, or the spding precarious conditions to search for 60 people who are still missing after tuesday‘s earthquake. aftershocks are threatening to collapse some of the blocks where most are thought to be trapped. let‘s have a look at the papers and some of the stories that are making the headlines in media across the world. we begin with germany‘s suddeutsche zeitung. its main headline — "two winners, one merkel". that‘s after angela merkel agreed a coalition deal after months of deadlock. the guardian‘s main story now, and it says a secret report by the british government puts the cost of a hard brexit at £80 billion, and the worst affected parts of the uk are those that were most in favour of leaving the union. more on that in a second. the main story on the front page of the japan times is the visit

the finance ministry has gone to the spd as well.e on and talk about another sort of critical quake. brexit, this is the story that was on the guardian. buzzfeed last week was referring to this, the government has since criticised this analysis which is somewhat concerning, given that it is their own. this is the point why get lots of hate tweets because anything to do with brexit, you arejust of hate tweets because anything to do with brexit, you are just going to be slaughtered on social media. you and me both. lies, dammed lies and statistics. i am not even going to try to find the truth. the brexiters are saying it is rubbish, there is conspiracy in the treasury and fake figures, the remainers are saying the parts that of the uk that will be hit the hardest are the ones that wanted to leave. it serves you right, evil racist, and all of it. the truth probably lies somewhere in between. the economic analysis that they are coming up with is that we have it now and we can do something to change it. if we know and believe that the nor

the spd and cdu continue to lose support of the voters here in germany.an coalition talks and much more, we are joined by hans. former head the bdi as well. let me ask first what you make of these coalition talks. they are dragging on and on and the holes show that now the cdu and spd are losing so much ground that the left and ast are rising up and taking away those points. >> thatground that the left isr. i think this is a problem for germany and this is the coalition of losers because the cdu, ccu, and social them across have all lost in elections. after these coalition talks, they have lost ground. it is becoming a small coalition cousin the public vote at the moment, it does not have a majority anymore. matt: i was at the g20 in hamburg just a few months ago, and angela merkel was lauded as a leader of the western world there. she seemed so powerful, and it seems like she has lost a lot of her grip. >> it is true, but even at that time, she already lost a lot of support in her own party because of many of her moves in the energy field and getting out

the german spd is in absolute turmoil right now and there's no guarantee that a coalition gets votedby the base. does that worry euro traders? mark: i think it's been overlooked in the markets and probably mistakenly so. if this coalition comes out, it will be a scare for markets. it's gone under the radar. they believe that alternately germany will have a government with merkel in control. if there is a problem, it will be a big story but i don't think it will come under the radar as a narrative until it breaks down properly. guy: thank you very much. if you want to follow the mliv team, mliv . solid.man gdp pretty exports a big factor. keep an eye on that as you think about how the euro is trading today. withll speak exclusively the german engineering company's ceo. the market open is 19 months away. this is bloomberg. ♪ ♪ matt: welcome back. this is bloomberg. we are 16 minutes until the kickoff of trading, indicating to open higher here. futures are indicating a higher open for the u.s. as well. let's go to juliette saly. juliette: credit suisse reported a smaller fourth-quar

this is 1188, it will become a new residential building, but in what spd believes was an accident two people never saw coming, workers spent the day cleaning everything that could be picked up by a gust of wind. workers battle high winds, the very same issue that very well may have led to the tragic incident that took place at 2:30 sunday afternoon at the corner of 23rd street and san jose avenue in san francisco. francisco. angie, the owner of a neighboring nail salon described as best she could in english what she saw. she even shot this video with her cell phone, showing one of the victims, the woman in the white house, who spd confirmed suffered injuries to her lower back. but an older man suffered more serious injuries when a temporary fence and plastic traffic barricade crashed down on him. the man, whose blood still stained the road, suffered a traumatic brain injury and had surgery. >> everything coming down, but when i see that i come inside. >> reporter: pamela described how she brought her own sidewalk sign indoors after the violently whipping winds caused the fence to sway

i think the spd vote is quite interesting. asked aboutthat i the spd vote.asia we are ignoring this. start asking a lot of asia traders, what do you think of this. it suddenly kind of made me realize that outside europe, people aren't aware of what is happening in germany. like there does seem is potential for massive surprise. merkel's reign is still vulnerable. there's the chance you have to lead a minority government. the matter what happens, and a matter what happens in the tight election, i think we will move behind it. it's no longer and existential threat. guy: thank you very much indeed, mark cudmore. mliv on the bloomberg. smart analysis and it really is. next, mixed messages from glencore's estimates. i wouldn't pay too much to that. the sense seems to be the trading operation was so strong and the dividend is better than expected. this is going to turn out to be a fairly positive story. this is bloomberg. ♪ ♪ the it's 44 minutes past hour. let's get a bloomberg business flash. ed: lloyds banking group --ed: willloyds banking group buy up to o

the spd has never been able to put more ideology and it, especially this time. the last time, they at least had minimum wage, which was an anchor they could show to voters. it's a few percent here and there. germany,l problems in even though the economy goes well, are still pretty big. the difference is between income and it's still relatively big. ofy participate in a sort conservative social market economy, which is very received you found it. alan: i don't agree with that at all. up on theirs given ideas, shirley it's the christian democrats. y it's the christian democrats. there's nothing conservative in that program. plus, they get ministry finance. they get the foreign ministry. they get the social ministry. they get three key ministries. merkel's party doesn't get a single ministry. when it comes to who gets the money to do what they want to do, it's going to be the social democrats who decide and not the christian democrats. this is amazing. melinda: charlotte, quite a bit of money is involved. this could be one of the most expensive coalitions ever if i

spd thatay that the lost the election got a good deal.ral juicy ministries and spending content included in the coalition agreement. and the alternative, if you look at the current polls, is because for the sdp, there will be blamed for new elections that nobody in germany wants, so it could be worse for the party. i predict this will pass but it will not be an overwhelming for martin schulz, and yes taken the consequence of that and is resigning as party chair and handing it over. he has fallen on the sword so to speak. the first things this new government has to deal with is an election in until the taking place on march 4. 30 to at the numbers and 40% of voters are still undecided. it is a significant part of the eurozone in particular, what is the outlook there, what are we expecting? sanguine, ik is believe it is likely that the right wing and center-right coalition led by silvio is likely to win, which will mean will have him back in the political limelight in italy. minister, but the main power broker, and at the same time this wil

the proceedings following that, -- sbdl have this s spd member position.t means all the members of the social democratic party have the right to vote, to have a ballot about this treaty and these negotiations and it is still on for seeable what will be -- unforeseeable what will be the result because if we look back to the party delegates meeting a few days ago, 10, 14 days ago, the party demonstrated to be split, split between an agreement that we need a grand coalition and refusal. it is still very open and it also depends, not only on the tweety -- treaty itself and the in negotiations, but the role of martin shorts -- martin schulz, is he going to be foreign minister in this new cabinet? there are still some questions and doubts about his person and his role -- very strong and very broad. rochelle: there's still a lot of uncertainty on the horizon. let's think about the opposition for the moment. where does that leave them in all of this? emanuel: the o opposition, you mean the other parties which are not involved in the coalition? rochelle: absolutely

coalition agreement reached in germany between chancellor angela merkel and the social democrats, or spdcovici, says the deal was good news for europe. the deal ends months of uncertainty after inconclusive elections in september. but as andrew plant reports, the deal will still need to be approved. marathon talks that began on tuesday and continued through the night, to try to end more than four months of stalemate at the top of europe's largest economy. now, news that chancellor merkel‘s party has reached a deal tojoin forces in a ruling coalition. translation: i am convinced that the coalition contract we have worked out can lay down the foundations for the stable government that our country needs, and that many in the world are waiting to see. it has been called a marriage of convenience, but the deals made to make a coalition bring widespread criticism from members on both sides, who feel their core values have been compromised too far. so what could the new coalition look like? the implications of that are widespread, on major issues in germany, like migration and workers' rights,

programme and i was a member of afd's programme commission that the cdu had up until 2005 and even the spdwe are not extremists, that was normal at the time, we did not change, society has changed and especially the media perception of society. i am not talking about media perceptions, i am talking about perceptions of significant people. for example, let me quote one — charlotte knobloch — who is a former president of the council of germanjews. she describes your party, the afd, as a destructive power which endangers democracy. i don't know what crystal ball ms knobloch has, but she cannot see in the future, she has the evidence whatsoever... she isjudging you on the words of your senior party members. well, you can always put individual words out of context, i don't see it in that way. 0ur programme is not radical at all, it's absoutely bourgeois i would say in the positive sense of the word. i suppose we need to test you against words that senior leaders have said. i hope you put it into context, it seems that has not been done. now that your main, biggest opposition, let's see if the t

sold out to stay in power, she told german television that handing over the finance ministry to the spdreal choice. a luxury saudi hotel that served as a detention centre for dozens of princes and top officials has reopened to the public. princes, ministers and businessmen had been held at the ritz—carlton hotel in the capital riyadh since november as part of the kingdom's anti—corruption drive. russian investigators are searching snow—covered fields south of moscow for the wreckage of an airliner which crashed on sunday, killing all 71 people on board. the plane, operated by saratov airlines, was en route to the city of orsk in the ural mountains, when it came down, just minutes after take off from moscow. steve rosenberg reports. in frozen fields near moscow, this is all that remains of flight 703. cctv cameras captured the moment the aircraft smashed into the ground and exploded in a fireball. its wreckage strewn for a mile across the russian countryside, half buried in snow. conditions were treacherous. the emergency services struggled through snowdrifts to reach the crash scene. bu

sold out to stay in power, she told german television that handing over the finance ministry to the spd been no real choice. there is a full investigation into the violence in rakhine state. there have been talks. hundreds of thousands of people have been forced to leave myanmar, seeking shelter. this report contains some flash photography. among the burnt—out remains of a rohingya home, borisjohnson took in the chilling sight — the charred remains of a former life. he found the site himself, although his visit to this region was heavily controlled by the myanmar authorities. can you work out where the house was? he travelled from village to village by helicopter. from the air, you could see whole areas razed to the ground. it's where the myanmar military and buddhist mobs are accused of pogroms against the muslim rohingya. these pictures of burning villages in the area were filmed by the bbc last year. you genuinely have no idea who did it? some rohingya are still here and were brought out by the myanmar authorities to speak to borisjohnson. all denied any knowledge of who had destroye

sold out to stay in power, she told german television that handing over the finance ministry to the spd real choice. reports from syria say at least a dozen people have been killed in renewed attacks on a besieged, rebel held enclave on the outskirts of damascus. activists in the eastern ghouta region said there were airstrikes on two towns. syrian state media said government forces had responded to rebel mortar fire that had landed in the centre of the capital. new york prosecutors have filed a lawsuit against the weinstein company, alleging that the studio failed to protect staff from harvey weinstein. mr weinstein has been accused by more than 50 women of allegations ranging from rape to sexual harassment. he denies allegations of non—consensual sex. at least eight people have died in bolivia when a gas canister used by a street vendor exploded. it happened as thousands gathered in the city of oruro to watch its famous carnival celebrations. pablo uchoa reports. a lavish display of tradition. the pride of the fifth—largest city of bolivia. the explosion happened one block by the main

brass to discuss the outcome of tuesday's make or break talks at forming a workable coalition with the spdre, i'm gavin ramjaun, and this is your sport briefing for wednesday. coming up, we'll hearfrom tottenham manager mauricio pochettino, as his side head into a crucial stage of the season. plus, the first ever interstellar badminton tournament. hello there. the breathless football season continues in england on wednesday, with premier league high flyers tottenham hotspur, taking on league two's newport county in a fourth round fa cup replay. spurs remember were involved in that remarkable and controversial match at liverpool on sunday. harry kane scored a late, late penalty to notch his one hundredth premier league goal. but he might not feature from the start on wednesday evening. manager mauricio pochettino will field a changed team, with important matches against arsenal and juventus coming up. we cannot say that we don't take seriously some competition, because we rotated, we use one or another player. it is important to understand that tomorrow we are going to play. and we must win

coalition agreement reached in germany between chancellor angela merkel and the social democrats, or spd commissioner, pierre moscovici. the deal ends months of uncertainty since september's inconclusive elections, but as andrew plant reports, it will still need to be approved. marathon talks that began on tuesday and continued through the night, to try to end more than four months of stalemate at the top of europe's largest economy. now, news that chancellor merkel‘s party has reached a deal tojoin forces in a ruling coalition. translation: i am convinced that the coalition contract we have worked out can lay down the foundations for the stable government that our country needs, and that many in the world are waiting to see. it has been called a marriage of convenience, but the deals made to make a coalition bring widespread criticism from members on both sides, who feel their core values have been compromised too far. so what could the new coalition look like? the sdp, thejunior partner could control crucial ministries including finance and foreign affairs. martin schulz, the party lea

a senior spd member said the two sides still have some differences.s a caretaker government and the country remains in political limbo. 0ur correspondent damien mcguiness is following developments in berlin. she has already tried once to form a government with the liberals and the green party. those talks collapsed in november. this now, the potential government with the centre—left, the social democrats, is her only chance. if those talks fail, that would seriously undermine her credibility. and the most likely outcome then would be fresh elections. that would lead to a long period of instability here in germany and potentially no new government until the autumn really. and there is no guarantee after all that we wouldn't find ourselves in exactly the same position we are now where a potential chancellor would find it hard to cobble together a coalition. now, it has to be said there is a caretaker government, there is no sense of crisis here in germany, the economy is doing well. so with this caretaker government in the short—term things are ticking

a senior spd member said the two sides still have some differences.ction germany still has a caretaker government and the country remains in political limbo. 0ur correspondent damien mcguiness said the political uncertainty could have wider consequences for the eu. she has already tried once to form government with the liberals and the green party. those talks collapsed in november. the potential government now with the centre—left is there only chance. if those talks fail, her credibility will be undermined. the most likely outcome than will be fresh elections, a long period of instability here in germany and, potentially, no new government until autumn and no guarantee after that that we would not be in the exact same position we are now where the potential chancellor find it hard to create a coalition. it must be said there is a caretaker government. there is no sense of crisis era and the economy is doing well. so in the short term, things ticking along nicely and the economy is booming. what it does mean is that there is no ability for the tempor