Friedrich Merz fails in initial vote to become Germany’s chancellor
Share this @internewscast.com

Stay informed with free updates

Friedrich Merz has unexpectedly lost a vote in the Bundestag, thwarting his efforts to assume the role of Germany’s chancellor, and derailing his initial plans for the week.

The 69-year-old member of the Christian Democratic Union, who emerged victorious in February elections and joined forces with the Social Democrats to create a majority coalition, was set to take the oath of office on Tuesday, in what was anticipated to be a mere formality.

Merz needed 316 votes in the 630-member parliament. But he only secured 310, even though the coalition partners have 328 seats between them.

“This is astonishing,” stated Henning Meyer, a professor at Tübingen University. “It’s unprecedented at the federal level. Evidently, there are dissatisfied individuals.”

In Tuesday’s vote, 307 Bundestag members opposed Merz, indicating that five members of his prospective coalition had switched sides, since the opposition has 302 votes. Three members abstained, while nine were absent and one vote was invalid.

It was not immediately clear when the next round of voting, in which Merz still requires an absolute majority of 316, would take place.

He could still be elected chancellor in subsequent rounds if he wins more “Yes” than “No” votes, but at a cost to his authority.

If a candidate fails to win sufficient backing from parliament, Germany’s Social Democratic President Frank-Walter Steinmeier can appoint another chancellor candidate or call new elections. Until then Olaf Scholz remains acting chancellor.

Uwe Jun, a political scientist at Trier University, described Tuesday’s vote as “a huge surprise”, adding that “clearly Merz has opponents in the coalition”.

His unprecedented failure to be elected by the Bundestag strikes a severe blow to the CDU leader, who had planned to immediately set to work tackling the deep problems in Europe’s largest economy, which has suffered years of stagnation.

Merz had been due to travel to Paris on Wednesday to meet President Emmanuel Macron in what was intended to be a demonstration of his commitment to the Franco-German partnership.

“The whole of Europe looked to Berlin today in the hope that Germany would reassert itself as an anchor of stability and a pro-European powerhouse,” said Jana Puglierin, a senior policy fellow at the European Council on Foreign Relations. “That hope has been dashed. With consequences way beyond our borders.”

European stocks weakened after the news, hitting session lows, with Germany’s Dax index down 1.7 per cent, and the broader Stoxx 600 index down 0.8 per cent.

Holger Schmieding, chief economist at Berenberg bank, said Tuesday’s upset was “a significant negative” for the German economy.

While he said Merz was still likely to get elected, he added: “This shows that the coalition is not united, which could weaken his ability to pursue policies.”

Merz has angered some within the more conservative wing of his CDU/CSU grouping by loosening the constitutional borrowing limit and embarking on a €1tn debt-fuelled spending programme to modernise the country’s military and its ageing infrastructure.

Lars Klingbeil, the Social Democrat co-leader who had been due to take office as vice-chancellor and finance minister, has also faced internal criticism after his party suffered its worst electoral defeat with just 16 per cent of the votes in February.

Additional reporting by Ian Smith in London

Share this @internewscast.com
You May Also Like

Jeff Prestridge’s Top 10 Global Funds for My Pension Portfolio

Having revealed seven days ago half of my ‘top 20’ investment funds,…

Bloomberg Terminal Downtime Disrupts Traders

Unlock the Editor’s Digest for free On Wednesday morning, Bloomberg, the media…

Trump Organization Launches $1.5 Billion Golf Resort Project Near Hanoi in Vietnam

A general view of the sign and exterior of Trump Tower entrance…

NFL Owners Decide Against Banning the ‘Tush Push’ Play

The vote to keep the “tush push” was another win for the…

How Would You Spend a Surprise £50,000?

A windfall inheritance can come unexpectedly, and as a result many might…

Trading 212 CEO Ivan Ashminov Shares Insights in a Rare Interview, Revealing Management of £25BN in Assets for Savers and Investors

By any measure, Trading 212 is one of the biggest savings and…

6 Strategies for Profiting Consistently from Market Fluctuations

Opinions expressed by Entrepreneur contributors are their own. I vividly recall the…

US Treasury Bonds Decline Amid Rising Concerns Over Trump’s Tax Legislation

Unlock the White House Watch newsletter for free US government bonds and…