Free Trial
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.
GERMANY
Germany's upcoming federal election on 26 September is likely to prove just the starting point for a period of political uncertainty and torpor, given that there is the strong likelihood of a three-party coalition being required to form a majority gov't.
- As the graphic below shows, if two parties are from the same political bloc (CDU and FDP on the centre-right, SPD and Greens on the centre-left) the coalition talks take around a month or so. However, if parties of opposite ideologies seek to form a gov't (as with the CDU-SPD 'grand coalitions' of 2005, 2013 and 2017, then the negotiation period can take a lot longer.
- With three parties likely to be required to form a majority, with cross-bloc cooperation needed, then incumbent Chancellor Angela Merkel could be leading a caretaker gov't for many months into the future.
Chart 1. Length of Time in Days between Election and Swearing in of Gov't
Source: Bundestag, Statista. N.b Black=CDU, Red=SPD, Gold=FDP, Green=Greens
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok