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Free AccessCSU's Soeder: SPD's Scholz Has Best Chance Of Becoming Chancellor
Speaking in a press conference, head of the Christian Social Union (CSU, the Bavarian sister party of the centre-right Christian Democratic Union) Markus Soeder has stated that the SPD's Olaf Scholz has the 'best chance' of becoming Germany's next chancellor following the 26 September federal election.
- Soeder has downplayed the prospect of the CDU/CSU returning to gov't following the grouping's record-low vote share, although given the coalition negotiations set to take place over the coming weeks there remains the possibility of the centre-right being involved in the next gov't.
- The Bavarian minister-president is viewed as a strong contender to lead the Union parties into the next election. The CDU blocked Soeder's path to the Union nomination in April 2021, instead backing the unpopular Armin Laschet as many in the party did not want to cede the chancellery to the CSU. Given Laschet's poor peformance in the campaign, picking a popular candidate is likely to be higher up the party leadership's agenda come the next election.
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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.