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Free AccessConservative Merz Wins Vote To Head CDU
Earlier this afternoon, former Bundestag leader and businessman Friederich Merz was voted in as the new head of the main-opposition Christian Democratic Union (CDU).
- At his third attempt, Merz, the most conservative candidate in the field, saw off competition from centrists Norbert Rottgen and Helge Braun.
- With 62% of the vote among grassroots party members, Merz's overwhelming win negated the need for a run-off. A party convention on 21-22 January 2022 will confirm the election result.
- Under Merz's leadership the CDU is likely to pivot to the right on economic and social issues, after sitting as a staunchly pro-EU, centrist party for much of former Chancellor Angela Merkel's tenure as party leader.
- Merz has argued the party needs to 'return' to its conservative roots to win back voters that have abandoned the party for the right-wing nationalist Alternative for Germany who became dissilusioned with the party under Merkel and her short-term successors as party leader Annegret Kramp-Karrenbauer and Armin Laschet.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.