Martin Schulz has announced he will not run for a third term as President of the European Parliament.<br /><br /> The German Social Democrat made the announcement to the press in Brussels.<br /><br /> Speculation that Schulz will return to German politics grew after the grand coalition government backed his party ally, Frank-Walter Steinmeier, as Germany’s next president.<br /><br /> The election is due in 2017.<br /><br /> German media have tipped Schulz as Steinmeier’s successor as foreign minister.<br /><br /> <br /><br /><br /><br /> #Schulz “I will not stand for a third mandate as President of European Parliament, this was not an easy decision to take” live euronews— Catherine Hardy (fernojay) November 24, 2016<br />