In Major Disappointment, Merkel Wins German Election Despite Worst Result Since 1949; AfD Surges To Enter Parliament

from ZeroHedge:

Update: FX markets just opened and as expected there is some Euro-selling pressure in the early going...

Update: here is the latest breakdown according to ARD:

  • Merkel’s CDU/CSU projected to win 32.9% of votes
  • SPD projected to win 20.8%
  • AfD projected to win 13.1%
  • FDP projected to win 10.5%
  • Greens projected to win 8.9%
  • Left projected to win 8.9%

The following Bloomberg projection of the Bundestag's projected seat breakdown shows just how strong the AfD surge has been in context, and how splintered Germany's establishment is as a result.

bundestag breakdwon_0.jpg

The German polls have officially closed, and the first exit polls numbers come in, confirming the expected fourth victory for Angela Merkel's CDU/CSU, however getting a unexpectedly low 32.5% of the vote, which according to Europe Elects was the worst result for Merkel's CDU/CSU (EPP) since 1949. Merkel's main challenger, the SPD, got 20%, also its worst result since Nazi era 1945; furthermore, the SPD has said it plans to enter the opposition, collapsing the current CDU/CSU-SPD "grand coalition." 

In other words, just like in the recent Franch elections, the German establishment was just trounced:

  • Worst result for Merkel's CDU/CSU since 1949 
  • Worst result for SPD Since 1945

Meanwhile, there was an unexpected surge for the newcomers: the dramatic (late) surge for the nationalist AfD party, which got a higher than expected 13.5% of the vote, has made it not only the third most popular German party but also the first far-right German party to enter the Bundestag in 60 years.

The first exit poll breakdown from ARD is as follows.

  • CDU/CSU - 32.5%
  • SPD - 20%
  • AfD - 13.5%
  • FDP - 10.5%
  • Greens - 9.5%
  • Left party - 9%
german polls_0.jpg

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