Angela Merkel won a fourth term as German chancellor in a victory that was marred by the hollowing out of support for the two main parties and a surge for the populist AfD in a clear rebuke to her open-doors refugee policy. Merkel’s Christian Democrat-led bloc and her main challenger, Martin Schulz’s Social Democrats, plunged to historic lows as votes flowed to the anti-immigration Alternative for Germany, or AfD, in a sign of the growing polarization in Europe’s biggest economy.
Six parties are poised to enter the lower house, the Bundestag, for the first time since 1953. Merkel and the other party leaders will hold press conferences on Monday to discuss the results. The principal loser was Schulz’s SPD, which recorded its worst result since the war. The party leadership immediately announced its intention to go into opposition and not renew the so-called grand coalition with Merkel’s party that has governed for the past four years.
Source: Bloomberg.com
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