Angela Merkel to stay on as caretaker during coalition negotiations in Europe’s largest economy
Olaf Scholz, chancellor candidate for the Social Democratic Party , delivers a statement at the party headquarters in Berlin, Germany, September 27 2021. Picture: LIESA JOHANNSSEN-KOPPITZ/BLOOMBERG
Scholz projected a sense of calm assurance when asked whether the close election result and the prospect of prolonged coalition negotiations sent a message of instability in Germany to its European partners. The SPD’s recovery marks a tentative revival for centre-left parties in parts of Europe, after the election of Democrat Joe Biden as US president in 2020. Norway’s centre-left opposition party also won an election earlier in September.
The parties will start sounding each other out on Monday about possible alliances in informal discussions. German shares rose on Monday, with investors pleased that the pro-business FDP looked likely to join the next government while the far-left Linke failed to win enough votes to be considered as a coalition partner.
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