After meeting in the chancellery: no agreement in the dispute over the fiscal pact

At a meeting of the working groups of the coalition and opposition in the Chancellery on the financial transaction tax and the European fiscal pact, there was no agreement in the evening. There had been "no final, tangible result", said CDU budget politician Norbert Barthle after the negotiators had talked about two hours.

There are still "some points of dissent" and the opposition has also introduced new points. With a view to the peak meeting with Chancellor Angela Merkel on Wednesday, Barthle said that he did not expect an agreement to be reached there.

The FDP financial expert Volker Wissing affirmed that the coalition is in agreement with the opposition for financial market taxation. Attempts are now being made to reach a consensus on Wednesday. However, he admitted: "It is clear that the negotiations are not easy." The representatives of the SPD, the Greens and the Left Party also said after the meeting that they did not believe that a final agreement would be reached on Wednesday.

SPD wants "concrete schedule"

The SPD made it clear that it insists on its demand for a rapid introduction of a financial transaction tax during the fiscal pact negotiations. "We are calling for a clear decision by the cabinet, which should also include a specific timetable," said the parliamentary manager of the SPD parliamentary group, Thomas Oppermann.

His Green colleague Volker Beck made a similar statement: "The tax must be put on the road as quickly as possible in the European bodies." He stressed that his party was in no hurry with the fiscal pact.

Statements by Schauble had rekindled the dispute

The background to the dispute over the European fiscal pact are reports of ongoing reservations in the coalition against the financial transaction tax and the statement by Federal Finance Minister Wolfgang Schauble that he no longer expects its introduction for this legislative period. The transaction tax is one of the conditions of the SPD and the Greens for their approval of the fiscal pact. Since a two-thirds majority in the Bundestag and Bundesrat is required for the fiscal pact, the Union and FDP are dependent on the support of the opposition.