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MNI: PBOC Yuan Parity Higher At 7.0760 Friday; -4.68% Y/Y
Centre-Left Lose Berlin State Election For First Time In 22 Years
The centre-left SPD of Chancellor Scholz has lost the Berlin state election. It has governed the city state for 22 years. Support for the SPD fell 3pp to 18.4% and its partner the Greens -0.5pp also to 18.4%, which means they won’t be able to form another coalition. The centre-right CDU was the winner on the night gaining 10.5pp to 28.2%. The far left Linke lost 1.9pp to 12.2% and the far-right Alternative for Germany gained 1.1pp to 9.1%.
- The incumbent red-red-green coalition would be able to continue which is preferred by the member parties but with the SPD and Greens receiving the same vote, who leads it may cause friction. Possible coalitions include a so-called “grand coalition” of centre-right and centre-left or a coalition between the CDU and the greens.
- The election had to be re-run due to problems related to it coinciding with the Federal election in September 2021.
- Der Spiegel
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