By Andreas Rinke and Madeline Chambers BERLIN (Reuters) - Leaders of German Chancellor Angela Merkel's conservative party agreed on Sunday to pursue a "grand coalition" with the Social Democrats (SPD) to break the political deadlock in Europe's biggest economy. Merkel, whose fourth term was plunged into doubt a week ago when three-way coalition talks with the pro-business Free Democrats (FDP) and Greens collapsed, was handed a political lifeline by the SPD on Friday. Under intense pressure to preserve stability and avoid new elections, the SPD reversed its position and agreed to talk to Merkel, raising the prospect of a new grand coalition, which has ruled for the past four years, or a minority government.
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