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.

Reuters

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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam