The German ruling party picked its ruler – Armin Laschet

January 18, 2021
The German ruling party picked its ruler – Armin Laschet

CDU’s leader is now Armin Laschet, a Merkel supporter

On Saturday, the German Christian Democratic Union (CDU) chose its newest leader. The party that gave Germany its first lady chancellor Angela Merkel will now be ruled by Armin Laschet, the North Rhine-Westphalia governor.

In an online vote, Laschet surpassed its conservative opponent Friedrich Merz by 521 to 466.

Armin Laschet, who was elected as prime minister of the North Rhine-Westphalia region in 2017, is a trained lawyer who also worked as a journalist between 1986-1991. In 1994 he was first elected as a member of the German Parliament (Bundestag).

Although he is seen as the natural choice of the next chancellor of Germany, one who could continue Merkel’s policy, this is not enough to become one. The CDU will name its candidate for office later this spring, but it is uncertain if Laschet will compete for the Chancellery.

If he indeed becomes chancellor, he will have to fill Angela Merkel’s shoes, as, during her four terms, Germany knew a period of economic expansion. During her last term, the country’s index, Germany30, added 14.95%, continuing its gain to this date. Since the beginning of 2021, it went up 0.52%.

Sources: ft.com, cnbc.com

This information prepared by ClickTrades.com is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.

This information is prepared for general circulation. It does not have regard to the specific investment objectives, financial situation or the particular needs of any recipient.


You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.



This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.

Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of ClickTrades.com.

Recently Added

Most Affected Instruments

Germany30
arrow
germany30 chart