German parties agree on minimum wage of 12 euros – Reuters
|In talking points delivered to senior officials, German coalition partners have noted that they agreed to increase the minimum wage to 12 euros/hour.
Additional takeaways
"Agreed to lower minimum voting age to 16."
"Will build 400,000 new apartments a year."
"Will seek to limit rent increases."
"Want to increase R&D funding to 3.5% of GDP."
"Overcoming coronavirus pandemic will be the first, most important job of coalition."
"Ruled out increasing pension age."
Market reaction
These remarks don't seem to be having a noticeable impact on market sentiment. As of writing, Germany's DAX Index was down 0.57% on the day. Meanwhile, the EUR/USD pair continues to trade in the negative territory around 1.1220.
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