Merkel Surrounded: EU Parliament President Martin Schulz Unexpectedly Resigns for Possible Run Against Merkel / Mike “Mish” Shedlock / November 24, 2016 4:14:38

German chancellor Angela Merkel faces a serious new threat in her bid to stay chancellor of Germany for a fourth term.

European parliament president Martin Schulz announced today that he would stand down.

This unexpected announcement sets up a return to German politics and a potential run for chancellor as candidate of SPD.


The Financial Times reports EU Parliament Chief to Quit, Setting Stage for Merkel Challenge.

Martin Schulz, president of the European Parliament, is to stand down from one of the EU’s most powerful posts and run for parliament in Germany in a move that could lead to a run against Angela Merkel for the chancellorship in elections next year.