Markets & Politics – Germany and France to the fore

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The German elections and the consequences for Europe’s economic policies and finance: is there a chance integration can be fast tracked?

Angela Merkel won her fourth term as chancellor, but there have been large shifts in the German political landscape. The conservatives (CDU/CSU) received their secondlowest vote share since 1949, the Social Democrats (SPD) had its worst performance in the history of the Federal Republic, while the populist, right-wing Alternative for Germany (AfD) became the third-largest party and nearly tripled its vote share from four years ago. The Liberals (FDP) managed to get into the Bundestag, with more than 10% of the vote, after remaining below the 5% hurdle four years ago. The Greens and the Left increased their vote share. With a total of seven parties now in parliament, the splintering of the German political landscape continues.

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