Business cheers as result rules out jolt to the left

Supporters wave flags at the Social Democrats (SPD) headquarters after the exit polls were broadcast on television in Berlin on September 26, 2021.

ODD ANDERSEN | AFP | Getty Images

German business leaders have voiced relief after the country’s federal election results quashed the possibility of the next government having a strong left-leaning slant.

Preliminary results on Monday indicated that the center-left Social Democratic Party had gained the largest share of the vote, edging out current Chancellor Angela Merkel’s right-leaning bloc of the Christian Democratic Union and Christian Social Union.

The Green Party and the liberal Free Democratic Party are projected to have gained 14.8% and 11.5% of the vote, respectively, effectively rendering them kingmakers with all eyes now on what promises to be a prolonged period of coalition negotiations.

Both SPD leader and current Finance Minister Olaf Scholz and CDU-CSU candidate Armin Laschet will seek alliances,…

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