German business cheers election result which rules out jolt to the left

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Both SPD leader Olaf Scholz and CDU-CSU candidate Armin Laschet will seek alliances, with another coalition between the parties looking improbable.

Both SPD leader and current Finance Minister Olaf Scholz and CDU-CSU candidate Armin Laschet will seek alliances, with another coalition between the parties looking improbable.

The Green Party and the liberal Free Democratic Party are projected to have gained 14.8% and 11.5% of the vote, respectively, effectively rendering them kingmakers with all eyes now on what promises to beBoth SPD leader and current Finance Minister Olaf Scholz and CDU-CSU candidate Armin Laschet will seek alliances, with another coalition between the parties looking improbable.

Joe Kaeser, chairman of Siemens Energy and former CEO of Siemens, said the Green Party's success and influence on the campaigning stances of various parties would bode well for the German economy, particularly its high profile energy transition efforts.

 

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