German fin min says doesn't exclude possibility of coalition immigration agreement

German finance minister speaking with ZDF (German media)

• Does not exclude the possibility that German coalition can reach a solution in immigration

Well, that does not sound all that encouraging, does it? Hardly exudes confidence ….

The background to this is the disagreement between Merkel and her party's coalition allies on immigration. FXL first warned of this back in early June:

• EUR traders - heads up for German political risk ... or should that be Merkel at risk?

And we've kept you updated since then on the risk this poses.