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Merkel to quit as German Christian Democratic Union leader

After the statement, the Euro’s rate fell drastically
14:58, 29 October 2018

Open source

German Chancellor Angela Merkel will step down as the leader of the Christian Democratic Union of Germany, which she has chaired over 20 years, as BBC reported referring to the sources.

It was noted that after such statement of hers, the Euro’s rate fell dramatically. 

Merkel told her party fellows that she would not participate in the elections as the representative of the Christian Democratic Union; the election is to be held in early December.

Related: Merkel to meet Ukraine's president and prime minister in Kyiv on November 1

Angela Merkel has led the Union longer than all of her predecessors, since 2000. She became the Chancellor of Germany in 2005.

It should be noted that the rating of the ruling block of Christian democratic parties has dropped to the lowest level in the history.

Related: Merkel to meet with Poroshenko on November 1

Earlier, the German anti-immigration party Alternative for Germany (AfD) received seats in all the regional parliaments for the first time.

The Social Democratic Party of Germany gave its partners from Merkel’s block time until 2019 to show their achievements in the policy of the government threatening to stop the alliance if no progress is observed after the parties lose positions in the regional elections on Sunday.

Related: Poroshenko, Merkel discuss upcoming visit of German Chancellor to Ukraine

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