6/3/2019, 9:42 AM (Source: TeleTrader)
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ING expects political uncertainty in Germany

The risk of snap elections being held in Germany has increased, ING said in a report on Monday. The analysis comes just a day after the head of the Social Democratic Party (SPD) Andrea Nahles resigned from her post and parliamentary seat following a bad result for the party in the European elections.

ING said: "Developments since the European elections have made the fall of the government before the 2021 elections more likely. With the recent successes of the Greens, any fall of the government would, in our view, lead to snap elections, not just a simple reshuffling of coalition partners. The Greens have become too strong to simply go into a government with the CDU as a small junior partner. According to the latest polls, the CDU and Greens could almost form a government of near equals."

As the SPD awaits its leadership election, it is uncertain whether the new leader will want to remain in a grand coalition with the Christian Democratic Union of Germany and the Christian Social Union in Bavaria (CDU/CSU). Meanwhile, Chancellor Angela Merkel's CDU is facing troubles after party head Annegret Kramp-Karrenbauer was scrutinized for asking for legislation to handle Youtubers that comment on elections. Kramp-Karrenbauer was supposed to take over from Merkel in 2021 as chancellor, but her position remains uncertain following the scandal.

Breaking the News / VP