Merkel Loses Power

March 27, 2011 Share Print 0

Chancellor Angela Merkel’s conservatives lost power in a regional stronghold on Sunday, with early poll results showing the Greens, buoyed by Japan’s nuclear crisis, surging to their first state premiership.

In Baden-Wuerttemberg state, where anti-nuclear sentiment has been mobilised by Japan’s nuclear breakdown, the Greens and Social Democrats (SPD) were set to win 47.3 percent, eclipsing the Christian Democrats who held power there for six decades.

Merkel’s CDU and their Free Democrat coalition partners, big backers of nuclear power, won a combined 44.3 percent, according to projections at 1800 GMT in the state of 11 million people.

Reuters

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Dean Popplewell

Vice-President of Market Analysis at MarketPulse

Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.