Sunday, February 23, 2025

Conservative Opposition Wins German Election

The Christian Democratic Union allied with the Christian Social Union won the largest share of votes in the German elections today according to exit polls. The two conservative parties secured 28.5% of votes, while the far-right Alternative for Germany (AfD) won 20%. In third place with 16.5% of the votes is Chancellor Olaf Scholz’s Social Democratic Party. The CDU’s lead candidate, Friedrich Merz, is currently the frontrunner to succeed Scholz as Chancellor. Germany’s previous government was a coalition made up of the SPD, Green Party, and the Free Democratic Party. This coalition fell apart last year due to disputes within the government over economic fiscal and budget policies. The conservatives will set up a government as Germany, the largest economy in Europe, is lagging. The economy has shrunk over the past two years, and industries such as housebuilding and auto are facing difficulties. It will be important to keep a watch on Germany as the new government is formed and new policies are put into place, as the state of the German economy has a large impact on the economic performance of the EU.

 

https://www.cnbc.com/2025/02/23/german-2025-federal-election-results.html

No comments: