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Supporters read “Chancellor” and “Merz” and “Merz” and “Merz” and “Chance” and “Merz” in the event of the Final Protection of the German Christian Democratic Union Party.
Alexandra Beier | AFP | Getty pictures
The Conservative Alliance (CSU) prepared by the Christian Democratic Union (CSU) and the CSU) will be led again in the federal elections, and the period of political instability from Berlin for months.
The center’s right CDU-CSU, 20.8%, 20.8%, 20.8%, 20.8%, Central Solic Democratic Party (SPD) second place (SPD) is in second place (SPD), 16.4% votes, 16.4% according to The initial results of the federal return officer.
The results will be approved on Monday, CDU-CSU candidate candidate Friedrich Merz, which will most likely be installed as the SPD’s Olaf Scholz, as the next German Chancellor After the three-way coalition, he collapsed in late last year.
“We won because of the work of CDU and CSU for well together and prepared very well for this election and prepared very well for management responsibility.”
Friedrich Merz, Chancellor and CDU Federal President Association, Bundestag participated in the quadrell TV tour in the election campaign.
Michael Kappeler | Photo Alliance | Getty pictures
The victory for the Christian Union ends the end of a period in Europe’s largest economy, although now a coalition government can trade political horse.
The most conclusion is the two-sided coalition with the SPD of CDU-CSU, although the CDU-CSU, SPD and Greens are also the opportunity to a coalition on the first side.
Merz excluded the formation of any management union with anti-immigration, populist Afd Party, which saw the best election results on Sunday.
CNBC Merz “Merz” There is a clear mandate to create a new government, “he said.
“It has been a very good chancellor, because for many years, we can completely trust this person and return confidence in Germany, which is his main task and wishes him the best.”
‘Debt brake’ to Trump
European markets Although Germany, we had some quiet reaction to the election result Dax The stock index is 0.4% higher on Monday.
However, despite these delizations, there are many things to fight with the new German government.
The political section in Berlin was seen as an undesirable distraction of investors who warn Germany should exceed a number of problems. These are an economic economy that seems sensitive to the country in recent years, as well as an economic economic disorder that has a clear dispute with immigration and integration, which sees the likes of contributions and popularity.
Given a broader role of Germany in European Geopolitics, especially in Ukraine’s war, and US President Donald Trump and trade tariffs also create another potential title.
Volkswagen ID.7 Electric cars, Germany, February 18, 2025, on February 18, 2025, Volkswagen (VW) is seen at the Electric Fleet Rig.
Carmen Jaspersen | Reuters
Economists consider what the CDU-CSU leadership considers the economy and economy and economy of Germany after this after the reform of the reform and division of the bench “The debt brake“A financial policy formed in the Constitution of Germany limits how much the government can get its debt.
Deutsche Bank’s strategists noted that the results of the election will again reduce the risks of the Fraklu coalition talks, and a sustainable trend in Germany and Europe in both Germany and Europe. “
“The result is the lowest voice share for two large parties for the highest (82.5%) since 1990. And CDU / CSU, SPD and greenery are under 66% of the joint seats. This is a A debt brake reform will require support from one of the protection costs, fringes of fringes. It may not be impossible, but it would require significant political compromises, ” they wrote.
The financial policy proved to be a sustainable political bugbear for Berlin, who has controversy between the parties that ensure the responsible expenditures or the restriction of the debt brake.
You can collect points for both evidence a fortune of months to flirting in the lazzy.
‘Fewer Bad News’
“First Less Bad NEWS: The long term of political uncertainty agreed on the agenda of Germany,” Berenberg Bank’s chief economist Berenberg Bank’s chief economist told Monday.
“A two-sided coalition between CSU / CSU and the supply of the left SPD, which is a slight increase, and more comfortable immigration and more rational immigration and more rational immigration and less impact and less difficult, and expensive energy policy,” he said. However, the question, however, Populist parties such as AFD and Left (Died Linke), the debt can combine and block changes to the German constitution, such as loosening the brake rule.
Other economists noted that the left (Died Linke), it noted that the debt brake will not stop in favor of correction and such a move.
“Although in the places where the number of places required to create a minority for constitutional adjustments and a minority for the reforms for the constitutional adjustments and reforms in the parliament, we note that the Left Majority is in favor of the debt – brake procedure,” Barclays Economists, the active reserach team in Barclays, celebrated Monday.
“Therefore, in the risk of risk, we think it will be more likely to reform a new coalition government and facilitate financial policy and facilitate financial policy.
