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Merz wins 2nd ballot for Germany's chancellor
Millennium Post Kolkata
|Kolkata 07May2025
HOURS AFTER HISTORIC DEFEAT
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BERLIN: Conservative leader Friedrich Merz succeeded Tuesday in becoming Germany's next chancellor, drawing applause and a palpable sense of relief in the parliament chamber after a historic loss in the first round of voting threatened the new government's promises of stability.
No other postwar candidate for German chancellor has failed to win on the first ballot. The stunning but short-lived defeat sent shock waves throughout Europe and dragged down the stock market.
The DAX, the index of major German companies, fell by 1.8 per cent at one point.
As the most populous member state of the 27-nation European Union and the continent's biggest economy, Germany is Europe's diplomatic and economic heavyweight. Many had hoped Merz's ascension would help the continent navigate the war in Ukraine and the confrontational trade policy of US President Donald Trump.
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