"It is simply a signal that Germany can no longer choose the government. The economy is already stagnant and structural reforms are long overdue" said Alexander Krueger, chief economist of Hauck Aufhäuser Lampe.
The day before, Merz reported that the block of Christian Democrats and the Christian and Social Union (CDU/CSU) and the Social Democratic organization of Germany (SPD) had signed a coalition agreement to form a fresh government. Bundestag held the election for Chancellor today, but Merz won only 310 out of the 316 needed votes.
He thus became the first candidate in German past to pass the first circular of voting.
According to media reports, Parliament decided not to carry out a second tour today.
The German Chancellor is elected by the Bundestag. The president proposes a candidate whose deputies vote secretly and without prior discussion. To win in the first round, it is essential to get an absolute majority of the votes, which is simply a minimum of 316, out of 630 in the present Bundestag. If in the first 2 rounds the candidate does not get the absolute majority, besides called the "cancer majority", in the 3rd circular the comparative majority is sufficient.
Daniel Głogowski
Expert in economics and social activities, experienced writer and writer. The first articles were published in 1999 in publications for global publishers. Working with leading planet newsrooms.
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Tagesschau: Merz's failure to win in the election drives the German stock marketplace into a free decline
