The race to be Germany's next leader is suddenly wide open after Merkel's successor steps down

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The race to be Germany's next leader is suddenly wide open after Merkel's successor steps down
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Annegret Kramp-Karrenbauer, the head of Germany's largest national party is to stand down and not run for the position of chancellor.

The next political leader of Germany's largest national party, the Christian Democratic Union , and the country, is in focus.

A leadership race is expected to take place in summer and there are already possible contenders for the role, including several that lost out to Kramp-Karrenbauer in the party leadership election in December 2018. "The purchasing power of private households could be increased with a reduction in the tax burden, as could the investment power of companies," Merz, a corporate lawyer and millionaire, noted.

Merz, meanwhile, they noted, is "well supported by those in the CDU base who look for a bigger change after Merkel's reign. Having come only narrowly behind AKK in late 2018, he may have a slight advantage over Laschet who did not run at the time. He may be better suited to take on the right-wing AfD than the other candidates.

Assessing the top candidates for the CDU leadership, J.P. Morgan Economist Greg Fuzesi said that a "new CDU leadership election may produce a less Merkel-friendly and a more fiscally-conservative leader" such as Friedrich Merz, given that Kramp-Karrenbauer was essentially an ally of Merkel. The regional CDU vote was seen as an open defiance of the party leadership in Berlin, and the breaking of a political taboo in Germany, to not associate with the AfD.

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