IBOV 171,339.91 ▼ 0.42% IPC MEX 72,006.05 ▲ 0.16% MERVAL 2,848,945 — — USD/BRL5.64▲ 1.05% USD/MXN18.62▲ 0.11% USD/CLP994.61▲ 1.20% USD/COP3,307— 0.00% USD/PEN3.40▼ 0.31% USD/ARS1,545▲ 0.03% USD/UYU40.52▲ 3.32% USD/PYG6,185▲ 3.33% USD/BOB11.60▲ 0.86% USD/DOP 60.45 — 0.00% USD/CRC445.25▲ 1.62% USD/GTQ7.65▲ 3.31% USD/HNL26.90▲ 3.30% USD/NIO36.62▲ 2.73% USD/VES902.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 2.15% USD/TTD6.71▲ 2.19% EUR/BRL6.24▲ 0.10% BRENT 94.66 ▲ 2.05% WTI 87.77 ▲ 1.43% IRON ORE 161.91 — — COPPER 6.20 ▼ 1.19% GOLD 3,878 ▼ 3.05% SILVER 49.97 ▼ 3.68% SOY 1,221 ▼ 0.65% CORN 443.75 ▼ 0.95% WHEAT 591.50 ▼ 1.33% COFFEE 274.40 ▲ 2.01% SUGAR 18.24 ▼ 1.30% ORANGE JUICE 141.20 ▼ 3.12% COTTON 78.56 ▲ 0.05% COCOA 5,180 ▲ 5.56% BEEF 222.75 ▲ 1.72% CATTLE 330.98 ▼ 0.50% LITHIUM 59.58 ▼ 2.45% PETR4 44.54 ▲ 2.27% VALE3 64.44 ▲ 0.02% ITUB4 41.51 ▼ 0.50% BBDC4 14.17 ▼ 1.12% ABEV3 15.76 ▼ 0.57% BBAS3 15.61 ▼ 7.58% B3SA3 14.75 ▼ 0.34% WEGE3 51.33 ▼ 0.54% PRIO3 62.24 ▲ 1.25% SUZB3 54.64 ▲ 1.56% RENT3 29.33 ▼ 3.01% AZZA3 17.00 ▲ 10.61% CSAN3 2.87 ▼ 5.28% RAIZ4 0.30 ▼ 98.60% PCAR3 2.43 ▼ 4.33% GMAT3 3.89 ▼ 4.66% PSSA3 46.01 ▲ 0.07% CVCB3 0.84 ▼ 2.33% POSI3 3.42 ▲ 3.01% SLCE3 17.98 ▲ 5.45% NATU3 5.40 ▼ 3.91% BRKM5 2.98 ▲ 2.05% RANI3 8.23 ▼ 1.91% CSNA3 4.29 ▼ 5.09% IBOV 171,339.91 ▼ 0.42% IPC MEX 72,006.05 ▲ 0.16% MERVAL 2,848,945 — — USD/BRL 5.64 ▲ 1.11% USD/MXN 18.61 ▲ 0.07% USD/CLP 994.66 ▲ 1.21% USD/COP 3,308 ▲ 0.02% USD/PEN 3.40 ▼ 0.23% USD/ARS 1,545 ▲ 0.03% USD/UYU 40.52 ▲ 3.32% USD/PYG 6,185 ▲ 3.33% USD/BOB 11.60 ▲ 0.86% USD/DOP 60.45 — 0.00% USD/CRC 445.25 ▲ 1.62% USD/GTQ 7.65 ▲ 3.31% USD/HNL 26.90 ▲ 3.30% USD/NIO 36.62 ▲ 2.73% USD/VES 902.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 2.15% USD/TTD 6.71 ▲ 2.19% EUR/BRL 6.24 ▲ 0.10% BRENT 94.66 ▲ 2.05% WTI 87.77 ▲ 1.43% IRON ORE 161.91 — — COPPER 6.20 ▼ 1.19% GOLD 3,878 ▼ 3.05% SILVER 49.97 ▼ 3.68% SOY 1,221 ▼ 0.65% CORN 443.75 ▼ 0.95% WHEAT 591.50 ▼ 1.33% COFFEE 274.40 ▲ 2.01% SUGAR 18.24 ▼ 1.30% ORANGE JUICE 141.20 ▼ 3.12% COTTON 78.56 ▲ 0.05% COCOA 5,180 ▲ 5.56% BEEF 222.75 ▲ 1.72% CATTLE 330.98 ▼ 0.50% LITHIUM 59.58 ▼ 2.45% PETR4 44.54 ▲ 2.27% VALE3 64.44 ▲ 0.02% ITUB4 41.51 ▼ 0.50% BBDC4 14.17 ▼ 1.12% ABEV3 15.76 ▼ 0.57% BBAS3 15.61 ▼ 7.58% B3SA3 14.75 ▼ 0.34% WEGE3 51.33 ▼ 0.54% PRIO3 62.24 ▲ 1.25% SUZB3 54.64 ▲ 1.56% RENT3 29.33 ▼ 3.01% AZZA3 17.00 ▲ 10.61% CSAN3 2.87 ▼ 5.28% RAIZ4 0.30 ▼ 98.60% PCAR3 2.43 ▼ 4.33% GMAT3 3.89 ▼ 4.66% PSSA3 46.01 ▲ 0.07% CVCB3 0.84 ▼ 2.33% POSI3 3.42 ▲ 3.01% SLCE3 17.98 ▲ 5.45% NATU3 5.40 ▼ 3.91% BRKM5 2.98 ▲ 2.05% RANI3 8.23 ▼ 1.91% CSNA3 4.29 ▼ 5.09%
since 2009
Thursday, November 12, 2026

World Europe and Russia

Merz’s Chancellor Bid Falters, Marks First Initial-Ballot Defeat in Federal Republic History

By · · 3 min read

Friedrich Merz failed to secure a majority in the German Bundestag vote for chancellor on 6 May. He needed 316 votes but won 310, six short of the requirement.

Germany held early federal elections on 23 February after its previous coalition collapsed in late 2024. The conservative CDU/CSU alliance gained 28.5 percent of the vote, winning 208 seats.

The Social Democrats secured 16.4 percent and 120 seats. Together they formed a “black-red” coalition with 328 of 630 Bundestag seats.

Free daily brief — no card needed
Get every Europe and Russia story in one morning email
We build you a personalized brief around the topics you follow — free for 7 days. Love it? Your first month after that is US$1.

This coalition marks the first time the SPD serves under a chancellor from the conservative CDU/CSU since World War II.

Coalition partners finalized their agreement on 9 April, after five weeks of negotiations over tax relief, social spending and climate policy.

Merz’s Chancellor Bid Falters, Marks First Initial-Ballot Defeat in Federal Republic History.
Merz’s Chancellor Bid Falters, Marks First Initial-Ballot Defeat in Federal Republic History.
RT
Ask Rio Times
17 years of Latin America reporting, on demand.
Open the full Ask Rio Times →

President Frank-Walter Steinmeier proposed Merz under Article 63 of the Basic Law. Parliament convened for the first ballot on 6 May. Bundestag President Julia Klöckner announced a 621-member vote tally.

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Colombia's president announces a new cartel airstrike”

Merz’s Chancellor Bid Falters, Marks First Initial-Ballot Defeat in Federal Republic History

The result fell short. Merz received 310 affirmative votes, while 307 parliamentarians voted against.

Three deputies abstained and one ballot proved invalid. The outcome marked the first initial-ballot failure in the Federal Republic’s history.

Merz needed 316 votes but lacked six. Given a coalition majority of 328 seats, 18 coalition lawmakers withheld support.

Germany’s Elite Under Scrutiny for Suppressing AfD’s Democratic Rise

This dissent exposed fault lines between Merz’s conservative platform and SPD priorities on fiscal and social policy.

The Basic Law took effect in 1949. No chancellor-designate failed an initial Bundestag vote until now.

Merz’s post-election actions sparked outrage. Despite campaigning as a fiscal conservative, he pushed a constitutional amendment through the outgoing Bundestag, with SPD and Green support, to relax Germany’s debt brake, limiting deficits to 0.35% of GDP.

This unlocked a €500 billion ($555 billion) loan for infrastructure, climate, and defense, with exemptions for military spending above 1% of GDP, per Deutsche Welle.

A March 2025 Deutschlandtrend poll found 70% of Germans opposed, with one in three CDU voters doubting Merz’s integrity.

His coalition with the SPD, a party voters rejected, defied the conservative mandate. By April, INSA polls showed the AfD tying the CDU at 24% before overtaking it, a direct result of this betrayal.

Merz’s ties to BlackRock, where he served on the German supervisory board, fuel distrust. The debt brake’s relaxation aligns with BlackRock’s €12 billion European Infrastructure Fund, targeting energy and defense projects, per a February 24 BlackRock report.

From Betrayal to Upheaval: AfD Becomes Germany’s Largest Party as Voters Reject Merz

Germany’s recession—GDP contracted in 2023 and 2024—amplifies fears that borrowing benefits global finance while burdening citizens.

Job cuts at Volkswagen and ThyssenKrupp deepen economic anxiety, making Merz’s corporate past a flashpoint, per The European Conservative.

Under the Basic Law, the Bundestag may hold further ballots within 14 days. An absolute majority remains necessary in additional rounds.

If no candidate secures 316 votes, the final vote will succeed by simple plurality. Merz’s team plans to meet with SPD colleagues to rebuild consensus.

Coalition leaders aim to shore up support before the next ballot. The coming days will test their ability to manage internal divisions and deliver on campaign promises.

If this process fails to produce a chancellor, the president may dissolve the Bundestag and call another election.

 

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map →

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.