It’s reported that German Chancellor Angela Merkel will not run for Christian Democratic Union leadership again in the December convention. Though, she intends to serve out her term as Chancellor through 2021. Merkel is expected to hold a media conference at 1pm Berlin time.
Right now, there are a few possible candidates for the party leadership. Jens Spahn, Ralph Brinkhaus, and Annegret Kramp-Karrenbauer are among the possible ones.
Market reaction is rather muted to the news though. It’s believed that even if Merkel would be replaced as Chancellor, there won’t be much change to the coalition’s policies, which will still be dominated by CDU/CSU and the SPD.
