Germany's Merkel: Won’t seek another term as Chancellor in 2021

German Chancellor Angela Merkel is now out on the wires as she is informing the media on the political situation at the CDU, delivering the below-seen remarks, via Bloomberg.

• Won’t seek another term as Chancellor in 2021.
• Remains ready to serve out the term as Chancellor.
• Won’t be seeking re-election as CDU party Chairwoman.
• I believe we need to turn a new page.
• The government has lost credibility.
• I take responsibility for what has happened since the federal election last year.