FINANCE

Reuters calls on allies to replace German SPD Merkel-led coalition


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য় Reuters Social Democratic Party (SPD) leader and top Chancellor candidate Olaf Schulz and party co-leader Saskia Esken reacted after the first exit poll of the general election in Berlin, Germany, on September 2, 2021.

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Written by Emma Thomason and Paul Carell

BERLIN (Reuters) – Germany’s Social Democrats on Monday began the process of trying to form a government after winning their first national election since 2005, ending a one-year conservative-led rule under Angela Merkel.

The center-left Social Democrats (SPD) won 25.7% of the vote, ahead of Merkel’s CDU / CSU conservative bloc by 24.1%. The Greens came in at 14.8% and the Liberal Free Democrats (FDP) at 11.5%.

The recovery of the SPD after the election of Democrat Joe Biden as President of the United States in 2020 marks a temporary resurgence for center-left parties in some parts of Europe. Norway’s https://www.reuters.com/world/europe/norways-election-winners -meet-bid-form-majority-government-2021-09-23 The center-left opposition party also won an election earlier this month.

Social Democrats chancellor candidate, Olaf Schulz, although coalition agreement before Christmas

His Christian Democrat rival, min0-year-old Armin Lashett, said he could try to form a government despite leading the Conservatives to their worst election results.

During the coalition talks, Merkel will be in a caretaker role at https://reut.rs/2ZeqYw3 which will determine the future path of Europe’s largest economy.

German shares opened 1.1% higher on Monday, with investors happy that business-friendly FDP looks set to join the next government, while the Left Link failed to win enough votes to be considered a partner in the alliance.

“From a market perspective, it should be good news that the Left Alliance is mathematically impossible,” said LBBW economist Jens-Oliver Nicholsch.

He said there are enough similarities between the other parties to find a work agreement.

“Personality and ministerial positions will probably be more important in the end than policy.”

Who will be the chancellor?

The parties will start voicing each other on possible alliances in informal talks from Monday.

The SPD may seek alliances with the Greens and the FDP to gain a majority in parliament, although the two parties may also ally with the Conservatives.

SDP general secretary Lars Klingbell told ARD television that the team would fight to become the next chancellor. “We won the election,” he said.

The SPD will discuss the formation of the next government with the Greens and the FDP, Klingil said, adding that a meeting of the party leadership was scheduled for Monday to discuss the next steps.

Greens and the FDP said last night, however, that they would first talk to each other to find areas of agreement before starting talks with the SPD and CDU.

If Schulz, 63, succeeds in forming a coalition, he will be the finance minister in Merkel’s cabinet and the former mayor of Hamburg, the fourth post-war SPD chancellor.

Paul Jimiak, general secretary of Merkel’s Christian Democrats, said her party still had a chance to form an alliance with the Greens and the FDP, adding that Lachett knew how to keep the alliance together.

Contract for Christmas?

Merkel has grown on the European stage since taking office in 2005 – when George W. Bush was US president, Jack Chirac at the Elysee Palace in Paris and British Prime Minister Tony Blair.

But Berlin’s allies in Europe and beyond will probably have to wait a few months before seeing how the new German government will get involved in foreign issues.

Assuming the SPD has agreed to an agreement with the Greens and the FDP, the Greens could provide the Secretary of State with what they did with Josca Fisher in their previous bilateral alliance with the SPD, while the FDP is looking for the finance ministry.

A row between Washington and Paris over a deal to buy Australia from the United States instead of a French submarine has put Germany in an awkward position among allies, but has given Berlin a chance to help heal relations and reconsider its general position on China.

On economic policy, French President Emmanuel Macron is keen to create a common European monetary policy, which Green supports but rejects the CDU / CSU and the FDP. Greens also wants “a massive expansion offensive for renewable energy https://reut.rs/2T1UKS3”.

One thing is for sure: the future government will not include the right-of-way option (AFD) for Germany, which scored 10.3%, four years ago when they entered parliament with 12.6% of the vote. All mainstream politicians deny any alliance with the party.





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