- September 27, 2021
- Posted by: Stratford Team
- Category: Business
President Biden, Chancellor Merkel hold a joint press conference.
Germany’s center-left Social Democrats and outgoing Chancellor Angela Merkel’s center-right bloc both laid claim Sunday to lead the country’s next government as projections showed the long-time leader’s party heading for its worst-ever result in a national election.
The outcome appeared to put Europe’s biggest economy on course for lengthy haggling to form a new government, while Merkel stays on in a caretaker role until a successor is sworn in. A three-party governing coalition, with two opposition parties that have traditionally been in rival ideological camps — the environmentalist Greens and the business-friendly Free Democrats — would provide the likeliest route to power for both leading candidates.
Only one of the three candidates to succeed Merkel, who chose not to run for a fifth term, looked happy after Sunday’s vote: the Social Democrats’ Olaf Scholz, the…