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Martin Schulz plans to resign as leader of Germany’s Social Democrats after party members have voted on a coalition deal with  Chancellor Angela Merkel’s conservatives, he told colleagues on Wednesday, Politico reported.

Schulz, who is set to be foreign minister if the new government is approved, confirmed media reports that he would give up the party leadership at a meeting of senior SPD officials, news agencies DPA and Reuters reported, citing party sources.

Schulz has suggested his successor should be parliamentary group chief Andrea Nahles, Süddeutsche Zeitung reported earlier on Wednesday, citing party sources.

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