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.
Latest opinion polling from state broadcaster ZDF shows more respondents dissatisfied with Chancellor Olaf Scholz's leadership than satisfied for the first time since his coalition came to power in 2021. Fifty-one percent of respondents were dissatisfied with the work of Scholz, compared to 43% satisfied and 6% unsure. The survey comes in the week that Scholz's gov't failed to pass a multi-billion euro programme of corporate tax relief intended to kick-start the German economy, following a veto from Families Minister Lisa Paus who was pushing for additional funds for child benefits.
- Paus’ veto highlights the continued strains within the gov't between Scholz's centre-left Social Democrats (SPD), the environmentalist Greens, and the pro-business liberal Free Democrats (FDP). Following the veto from Paus (who hails from the Greens), FDP Finance Minister Christian Lindner posted on X that "Germany needs growth again, It is therefore regrettable that a cabinet decision […] was not possible. Families with children also need good jobs,"
- The apparent dysfunction within the gov't, among other factors, has seen the right-wing nationalist Alternative for Germany (AfD) cement itself in second place in most opinion polling.
- AfD strength has led to some stark comments from senior politicians. President Frank-Walter Steinmeier, nominally a non-partisan figurehead, stated in a speechon 10 August that “we all have it in our hands to put those who despise our democracy in their place”. This was seen bysome observers as an implicit call to ban the AfD, although the party was not mentioned by name.
Chart 1. General Election Opinion Polling, % and 6-Poll Moving Average
Source: INSA, Forsa, FGW, Kantar, YouGov, GMS, Civey, Infratest dimap, Ipsos, Wahlkriesprognose, Allensbach, MNI
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.