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Friedrich Merz Vows to Quickly Form New German Government
Posted
February 24, 2025
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February 24, 2025
8,381
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1:12Now PlayingGermany’s conservative opposition leader Friedrich Merz won Sunday’s federal election, comfortably finishing ahead of the far-right AfD party and Chancellor Olaf Scholz’s Social Democrats.
Merz’s CDU/CSU bloc won 28.8% of the votes, followed by 20.2% for the Alternative for Germany, according to estimates from public broadcaster ARD. The Social Democrats finished third with 16.2%, the party’s worst result since World War II.
The vote holds particular weight as Europe’s biggest economy contends with stagnating growth, Russia’s war in Ukraine and US President Donald Trump threatening a global trade war that could hobble Germany’s struggling industrial sector.
“We have won this election,” Merz told a jubilant crowd at CDU headquarters in Berlin, saying that a coalition government must be assembled as quickly as possible. “The world out there won’t wait for us — and won’t wait for lengthy coalition discussions.”
The euro opened slightly stronger in Asia morning trading, up 0.3% to $1.0487. With exit polls broadly in line with what was expected by markets, investors’ attention will now turn to how quickly Merz can form a government.
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