Exclusive Exclusive: E.U. Parliament President Schulz Shouldn't Seek New Term, says VP of E.U. Conservatives

The center-left president of the European Parliament, Martin Schulz, shouldn’t seek another term, a leading European conservative told Handelsblatt in an exclusive interview. David McAllister, the vice president of the center-right European People’s Party, said Mr. Schulz agreed after the 2014 European elections to step aside in 2017 and allow a conservative to become parliament president. “This agreement is still valid and I assume Mr. Schulz will keep his end of the agreement,” Mr. McAllister told Handelsblatt. European Commission President Jean-Claude Juncker, who is also of the People’s Party, recently went against his party colleagues and came out in support of extending Mr. Schulz’s term through 2019. “I am in favour of the European institutions being led for the next two-and-a-half years as they have been thus far,” Mr. Juncker told German weekly Der Spiegel. “We need stability,” Mr. Schulz and his center-left colleagues in the Progressive Alliance of Socialists and Democrats plan to fight to keep the leadership of the European Parliament in their hands. If a conservative became parliamentary president, then all three E.U. institutions – the European Commission, the European Council and the legislature – would be in the hands of one party, said Gianna Pittella, president of the Progressive Alliance of Socialists and Democrats. ‘We cannot accept this,” Mr. Pitella told Handelsblatt. Read the full story in Handelsblatt Global Edition Wednesday. Picture Source: Jiri Rezac for Handelsblatt