Annegret Kramp-Karrenbauer, the head of Germany's largest national party is to stand down and not run for the position of chancellor.
The next political leader of Germany's largest national party, the Christian Democratic Union , and the country, is in focus.
A leadership race is expected to take place in summer and there are already possible contenders for the role, including several that lost out to Kramp-Karrenbauer in the party leadership election in December 2018. "The purchasing power of private households could be increased with a reduction in the tax burden, as could the investment power of companies," Merz, a corporate lawyer and millionaire, noted.
Merz, meanwhile, they noted, is "well supported by those in the CDU base who look for a bigger change after Merkel's reign. Having come only narrowly behind AKK in late 2018, he may have a slight advantage over Laschet who did not run at the time. He may be better suited to take on the right-wing AfD than the other candidates.
Assessing the top candidates for the CDU leadership, J.P. Morgan Economist Greg Fuzesi said that a "new CDU leadership election may produce a less Merkel-friendly and a more fiscally-conservative leader" such as Friedrich Merz, given that Kramp-Karrenbauer was essentially an ally of Merkel. The regional CDU vote was seen as an open defiance of the party leadership in Berlin, and the breaking of a political taboo in Germany, to not associate with the AfD.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Annegret Kramp-Karrenbauer’s resignation upends German politicsA shocking development in Thuringia brings down the Christian Democrats’ leader. Who will now succeed Angela Merkel?
Read more »
Merkel's expected successor rules out standing as chancellor, throwing Germany's political direction into doubtAnnegret Kramp-Karrenbauer, the leader of Germany's Christian Democratic Union (CDU) and the expected successor of Angela Merkel, will not run for chancellor, according to a party source cited by Reuters.
Read more »
German leader Angela Merkel's chosen successor quits as party leader, creating political crisisThe unexpected resignation plunges Angela Merkel's conservative party deeper into crisis as it struggles to agree on its future political direction.
Read more »
Annegret Kramp-Karrenbauer’s resignation upends German politicsA shocking development in Thuringia brings down the Christian Democrats’ leader. Who will now succeed Angela Merkel?
Read more »