💨 Abstract

German conservative leader Friedrich Merz failed to gain the necessary parliamentary majority to become chancellor on Tuesday, causing a setback for his coalition with the Social Democrats. This news led to a slight drop in German blue chip shares and Eurozone bond yields. Analysts believe this indicates that the coalition is not fully united, potentially weakening Merz's ability to pursue policies, as he already has low approval ratings and the far-right AfD party appears to be strengthening.

Courtesy: theprint.in

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