Conservative Rebellion on Greek Aid Hits Merkel’s Support – Poll

Support for German Chancellor Angela Merkel’s conservatives has slipped by two percentage points due to divisions within her parliamentary bloc over a third bailout for Greece and even her own popularity has taken a hit, a poll showed on Wednesday.

The Forsa poll put the conservative bloc of Merkel’s Christian Democrats (CDU) and Bavaria’s Christian Social Union (CSU) on 41 percent, down two points from a week ago.

However, the Social Democrats (SPD), who share power in a ‘grand coalition’ with Merkel, failed to gain, staying put at 23 percent. The radical Left and rightist Alternative for Germany (AfD) inched up to 11 and 4 percent respectively.

The share of people who would vote for Merkel in a direct election for chancellor also fell to its lowest level this year, dipping two percentage points to 53 percent.

However, she is still one of Germany’s most popular post-war chancellors and while her SPD rival Sigmar Gabriel gained two points, he is still far behind at 14 percent.


Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.