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Economic Concerns Follow AfD and BSW Election Gains
2024-09-16 13:29:08
Politics
Economy
Business

Economic Concerns Follow AfD and BSW Election Gains

Image courtesy of : AFP (LISI NIESNER)

Recent state elections in Saxony and Thuringia have resulted in significant gains for the Alternative for Germany (AfD) and the newly formed Bündnis Sahra Wagenknecht (BSW). The AfD's rise to the second-largest party in Saxony and the largest in Thuringia has raised alarms among economists, who foresee negative impacts on the regions' economies.

Over 78% of experts surveyed anticipate detrimental effects on the attractiveness for skilled workers and investment decisions. The BSW's effect is seen as slightly less damaging, yet still concerning.

The economic apprehensions stem from the policies and rhetoric of the AfD, which are considered unfavorable for business environments. The situation has prompted calls for careful coalition negotiations, with the CDU, BSW, and other parties seeking to form stable governments.

Meanwhile, in Brandenburg, the U16 elections also reflected a strong showing for the AfD, indicating a broader trend that may influence future political landscapes. The developments serve as a stark reminder of the shifting political dynamics in Germany and their potential economic ramifications.

Related news on that topic:

Merz's Ambitions and the CDU's Eastern Strategy

At the annual conference of the Christian Democratic Workers' Association in Weimar, CDU leader Friedrich Merz emphasized that the CDU state associations in Saxony and Thuringia do not require guidance from the West regarding government formation. Merz is firmly against cooperating with the Left Party but is open to discussions with the Sahra Wagenknecht Alliance (BSW). Dennis Radtke, a social policy expert and the new chairman of the CDU's workers' wing, warns against forming an alliance with the BSW, advocating instead for strengthening the CDU's labor faction to achieve better election results. Merz has also expressed his desire to be the Union's candidate for Chancellor. The decision, which might become official soon, aims to avoid a public confrontation between Merz and Markus Söder, the leader of the CSU. Despite Merz's ambitions, his low popularity is a concern within the CDU, with some members worried about Söder's potential actions. Sahra Wagenknecht's alliance has been expanding, recently establishing a state association in Lower Saxony. The new faction focuses on issues like industrial jobs, affordable housing, and the care system, reflecting its growing influence in several federal states. Polls in Thuringia show the CDU trailing behind the AfD and SPD, indicating a challenging path ahead. The ongoing struggle for the Union's Chancellor candidacy underscores the complexity of internal party dynamics. Both Merz and Söder are expected to reach a consensual decision by late summer. As the political landscape evolves, the CDU's strategy in eastern Germany and the broader national ambitions of its leaders will significantly shape the party's future trajectory.

Union's Strongest Poll Results in Years Amidst Leadership ... Decisions

The Union parties (CDU/CSU) have achieved their highest poll results in three and a half years, rising to 33% according to the Insa-Sonntagstrend. The AfD follows as the second strongest force with 19%, while the SPD has fallen to 14%. The Greens remain steady at 10%, and the FDP sits at 4%. Collectively, the three governing parties have reached their lowest level since December 2021, totaling 28%. A majority of respondents in the survey believe Friedrich Merz, the anticipated Union candidate for chancellor, is more competent than current Chancellor Olaf Scholz in eight out of ten policy areas. However, 48% of those surveyed prefer neither Merz nor Scholz as chancellor. CDU leader Friedrich Merz has indicated an impending decision on the Union's chancellor candidacy for the next federal election. While Merz is seen as the frontrunner, potential competition from CSU leader Markus Söder and NRW Minister-President Hendrik Wüst remains. The final decision is expected after the upcoming Brandenburg state election, following a structured timetable agreed upon by the CDU and CSU leadership. The clarity on this matter is eagerly awaited as it will significantly impact the Union's strategy moving forward.

Read 9 more recent news on this topic

The press radar on this topic:

lvz
16. September 2024 um 11:49

Saxony State Election: First Acquaintance of CDU and BSW

Politics
The state election in Saxony has led to a narrow lead of the CDU over the AfD. Without the BSW, led by Sahra Wagenknecht and Sabine Zimmermann, the formation of a government will not be possible. Prime Minister Michael Kretschmer (CDU) has already met with Wagenknecht and will now also meet with the BSW. In addition, the mayor of Grimma, Matthias Berger, who won a direct mandate, will announce his decision on a switch to the state parliament. The Greens are facing personnel changes, as Christin..
rp_online
16. September 2024 um 08:47

State Election in Brandenburg: These Top Candidates are Running for AfD, BSW, Greens, FDP and Left Party

Politics
Hans-Christoph Berndt (AfD) is a member of parliament and parliamentary group leader in the Brandenburg state parliament; Robert Crumbach (BSW) is a labor court judge and Verdi member, who was previously a Social Democrat; Antje Töpfer and Benjamin Raschke (Greens) are running as a top candidate duo.
mdr
16. September 2024 um 10:57

Economists expect negative consequences due to election successes of AfD and BSW

Politics
Economy
Economists expect negative consequences for the economy in Saxony and Thuringia due to election successes of the AfD and the BSW. Over 60% see negative impacts, especially on the attractiveness for skilled workers. AfD leader Höcke shows himself to be anti-business. The Association of the Thuringian Economy sees an AfD government critically. Publisher Harald Frank, on the other hand, is committed to the AfD.
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