On Monday, September 23, the euro in the Asian session raised above the level of $ 1.3540 , after the election results were known in Germany. However, the continued uncertainty regarding the new German government to 8:30 MSK euro recovered to around U.S. $ 1.3526 where the pair and stabilized.
The official data of the Federal Election Commission in Germany showed that the Christian Democratic Union / Christian Social Union ( CDU / CSU) led by Angela Merkel won the parliamentary elections, but the party of the current chancellor can not gain an absolute majority.
For block Merkel voted 41.5 % of voters. His coalition partners - the Free Democrats do not overcome the entrance barrier of 5% , gaining only 4.8 %. Experts predict that the unit Merkel will have to create a new coalition with the Social Democrats to form a government .
In the case of formation of a broad coalition of CDU / CSU with the SPD Social Democrats may demand a high price. History shows that it becomes Angela Merkel 's coalition partner is risky .
The main beneficiary of the results of the elections in Germany, of course, will be the euro zone . Eurosceptics have not received votes in the Bundestag . The SPD is the same defense the European Union and the euro , as the CDU / CSU . If the Social Democrats will enter into a coalition , it is quite possible that German foreign policy will change to " less carrot , more stick" . As a result of this coalition will increase the probability that Greece and Germany to provide additional assistance to Portugal and possibly write off the debts of Greece . The conditions for this may not be as stringent - with a focus on measures to stimulate economic growth , not austerity .
Thus, it is increasingly likely that the peripheral euro-zone countries will be able to achieve sufficient growth to keep the debt crisis behind.
