Bloomberg Daybreak: Europe Edition German Election Winner, Far-Right Gains & Funding Private School Fees
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Feb 24, 2025 
Friedrich Merz, the newly elected Conservative opposition leader in Germany, discusses his plans for coalition formation following a pivotal election. He highlights the far-right Alternative for Germany's unexpected rise to second place, raising questions about Germany's political landscape. Merz also tackles the shifting fiscal policies expected after the election, hinting at increased spending. Additionally, insights are shared on the financial strains UK families face with private school fees amidst changing economic dynamics.
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German Election Outcome
- Germany's federal election saw a shift in power, with Friedrich Merz's CDU/CSU winning, requiring a coalition.
- The far-right AfD's second-place finish, with 20% of the vote, marks a significant change in German politics.
Predicted Shift in German Fiscal Policy
- The German election results point to a potential increase in government spending, with likely coalition partners favoring more investment.
- Markets predict a shift from Germany's traditionally constrained fiscal policy.
Zelensky's Offer and Trump Advisors' Stance
- President Zelensky expressed willingness to step down if it secured peace and Ukraine joined NATO.
- Two of Trump's advisors avoided labeling Russia as the aggressor in the Ukraine war, seeking Putin's support for peace.