People in Germany awoke Monday to the news of a narrow victory pulled by the Social Democratic party over the incumbent conservative bloc of CDU/CSU.
Reactions from the world of finance and economy poured in, despite the fact that the final makeup of Germany’s next coalition government is still some months away.
Several powerful business associations, a powerful interest group in Germany, were united in their calls for politicians to be swift in forming a government.
After the 2017 election, it took months for Chancellor Angela Merkel’s conservatives and the SPD to agree on an updated version of their coalition government. It wasn’t until six months after the election that Merkel was confirmed again as chancellor.
In view of the unclear election result, German industry now expects all political parties to take maximum responsibility and address the priorities, and to not engage in tactical maneuvering
The distribution of votes leaves room for several coalition options that will surely have impact on the world’s fourth-largest economy.
Tags coalition Eurozone German elections Merkel
Check Also
Euro Zone Business Activity Slumps Amid Manufacturing and Services Declines
Euro zone business activity suffered an unexpected and sharp downturn in November, as the region’s …