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German parties formally signs coalition deal

English.news.cn   2013-12-17 05:52:38            

BERLIN, Dec. 16 (Xinhua) -- German party leaders on Monday formally signed a coalition agreement outlining Germany's key policies for the next four years.

The 185-page deal, entitled "Shaping Germany's Future", was signed by Angela Merkel, head of Christian Democratic Union (CDU), with her counterparts Horst Seehofer from the Chrisitian Social Union (CSU) and Sigmar Gabriel from the Social Democratic Party (SPD) as well as other senior party officials.

Merkel's conservative bloc of CDU/CSU and the center-left SPD reached and provisionally signed the agreement to form a grand coalition on Nov. 27 after five weeks of post-election talks. It was later approved by party leadership and SPD grassroots in an internal vote before Monday's official seal.

Both sides agreed on a range of domestic issues, including the introduction of a minimum wage of 8.50 euros an hour, dual citizenship, lower retirement age from 67 to 63 for some citizens, an extra spending of 23 billion euros without tax increases, among others.

They also promised an European policy that secures a stable euro and the eurozone.

Three parties unveiled their picks for the new cabinet respectively on Sunday. Merkel's CDU will head five ministries. Three cabinet posts will go to her Bavarian ally CSU, and six to the SPD.

The new cabinet will be sworn into office on Tuesday with Merkel serving the post of chancellor in a third term.

Editor: Mu Xuequan
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