September 29, 2017
Angela Merkel won her fourth term as German Chancellor, although her conservative alliance had a poor showing overall. Merkel’s Christian Democratic Union and its Bavarian sister-party the Christian Social Union posted their worst results since 1949, winning 33% of the vote, down from 41.5% in the last election in 2013. Although the alliance still holds the largest proportion of seats, the lack of a commanding mandate will now require Merkel to compromise with other parties to a greater degree in order to form a coalition to govern. The process could take up to 100 days, and it throws at least a temporary wrench in pursuing larger euro area reforms.
Made in America: The Jones Act