Friedrich Merz’s failure in His attempt to obtain the majority in the Bundestag On Tuesday, German stock markets, generating uncertainty about the country’s political stability at a time when economic clouds about the main economy of Europe are coming.
The Dax 40 index fell 1.5% to 22,924 points late in the morning in Frankfurt, threatening with break a nine -day streak. The Euro Stoxx 50 index fell 1.1%, to 5,225 points. German public debt also moved strongly. The profitability of the 10 -year BUND rose to 2.54%, The highest level since mid -April. The euro dropped from $ 1,1350 to $ 1,1310.
“His setback adds new uncertainty to the German economy, driven by exports, which It is already under the pressure of political changing US commercials, “said Holger Zschäpitz de Welt.” Germany voted for change. Politicians decided to keep everything without changes. Now, the coalition of industry and economic destruction do not even agree to vote on a chancellor, “said Daniel Lacalle, a Tressis chief economist.
What failed in the Bundestag?
Merzleader of the CDU/CSU conservative block, a post -election coalition agreement with the Social Democrats had been secured. However, in A surprising setbackonly obtained 310 of the 316 necessary votes in the Bundestag to officially become chancellor. It is the first time in postwar Germany That a candidate for chancellor does not achieve parliamentary approval after a coalition agreement.
The vote result has put parliamentary groups in check. According to German law, it must be held a second vote within two weeks. If there is no majority, you can proceed to a third round with a simple majority. Otherwise, the president of Parliament can dissolve the Bundestag and convene new elections.
Merz had campaigned with a bold program and favorable to companies to reactivate the stagnant economy German Its coalition plan included an investment package in infrastructure of 500,000 million euros, a promise of unlimited defense expenditure capacity and a clear alignment with Ukraine in its war against Russia.
That program, highly anticipated by the markets, now hangs from a thread. Merz planned to travel to Paris and Warsaw on Wednesday to meet with the French president, Emmanuel Macron, and the Polish prime minister, Donald Tusk, with the aim of reinforce European coordination in defense matters. That trip has postponed indefinitely, further feeding the perception of disorder.
Fall of German industrial values
The heavyweights of the German industry were The first to suffer the consequences. Rheinmetall Ag, the value of the Dax that best behaved in 2025 in the midst of the growing demand for defense, fell by 2%. Siemens, Mtu Aero Engines, Porsche Ag, BASF, Infineon and Daimler Truck Holding AG lost about 2.5%.
Only two members of the DAX were placed in positive field: Fresenius Medical Care (+3,8%) The Symrise (+0,2%).
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