The German Chancellor Angela Merkel was quoted by Der Spiegel on Monday, as saying that “Will not stand for re-election as head of CDU party.” This comes after her coalition government suffered a severe setback in key regional elections for the second time this month. Merkel’s Christian Democrat Union party (CDU) plunged to its worst result since 1966 in the state of Hesse, according to initial exit polls. Meanwhile, Andrea Nahles, leader of the Social Democratic Party (SPD), noted that governing a coalition needs a “clear roadmap”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Litecoin price analysis: LTC/USD risks tilted to the downside FX Street 4 years The German Chancellor Angela Merkel was quoted by Der Spiegel on Monday, as saying that "Will not stand for re-election as head of CDU party." This comes after her coalition government suffered a severe setback in key regional elections for the second time this month. Merkel's Christian Democrat Union party (CDU) plunged to its worst result since 1966 in the state of Hesse, according to initial exit polls. Meanwhile, Andrea Nahles, leader of the Social Democratic Party (SPD), noted that governing a coalition needs a "clear roadmap". Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.