Merkel is one step away from the collapse of the government, Germany is a step away from early elections

Merkel is a step away from the collapse of the government, Germany is a step away from early elections.

Germany's Minister of the Interior, Horst Seehofer, the representative of the Merkel ally - the CSU party from Bavaria - in the German government - severely criticized the decisions of the EU summit on migrants.

As you remember, at the end of last week there was an EU summit on migrant refugees from North Africa. Despite tough disputes, primarily through Germany-Italy, the summit managed to agree on a solution: In Europe, "refugee reception zones" will be set up with the possibility of sending refugees back to Africa in part.

One of the reasons for the EU summit is the disagreement in the German government: the CSU party is firmly against receiving refugees to Germany.

And the Minister of the Interior threatens to block the entry of refugees - he is against the creation of "refugee reception zones" in Germany. And in case of his dismissal, the CSU party, most likely, will leave the coalition with Merkel.

Given that Merkel does not have a majority in the Bundestag - and ruled with the support of competitors - the Social Democrats - it is very likely that the government will fall and early elections.

The development of the plot will follow in the coming days.

This could sharply turn the euro down - after the emerging growth at the close of the week.

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