In close German election, Olaf Scholz’s Social Democrats narrowly defeat Angela Merkel’s conservatives

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SPD chancellor candidate Olaf Scholz will aim to build a coalition with the Greens and the liberal Free Democrats to form government

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The SPD won 25.7% of the vote, ahead of 24.1% for Merkel’s CDU/CSU conservative bloc, according to provisional results. The Greens came in at 14.8% and the FDP were on 11.5%. Merkel, who did not seek a fifth term as chancellor, will stay on in a caretaker role during the coalition negotiations that will set the future course of Europe’s largest economy.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.

Merkel has stood large on the European stage since then - when George W. Bush was U.S. president, Jacques Chirac was French leader and Tony Blair the British prime minister.But Berlin’s allies in Europe and beyond will probably have to wait months before they can see how the new German government will engage on international issues.

 

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