but if the cdu, your .a l parliament. but if the cdu, your -a , is parliament.ut if the cdu, your party, is to do that, it is - parliament. but if the cdu, your party, is to do that, it is going l parliament. but if the cdu, your| party, is to do that, it is going to have to cut a deal with the greens, almost certainly, and the greens had criticised the cdu for being far too slow on climate change, so how can they convince the greens that he has they convince the greens that he has the right man to work with? weill. the right man to work with? well, he has already reached _ the right man to work with? well, he has already reached out _ the right man to work with? well, he has already reached out to _ the right man to work with? well, he has already reached out to the - has already reached out to the greens tonight. he said that there is a real chance to form an exciting coalition that reconciles economic needs and the needs of the future, climate change, for example, and to be honest, i think it's going to be much easierfor the be honest, i think it's going to b

, , ., ., the cdu? yes, they would either have to do a deal— the cdu?t party has a stronger claim to government, but it is not automatic. germany hasn't previously been covered by the 2nd largest party in the parliament, that was a case in the 19705. that is all a bit bothered you can build a coalition. so some of the most important conversations will be happening behind closed doors a5 parties talk and try to market where they can find compromises. thank you very much indeed. that's bringing some live pictures from the election night program. this is where candidates from each party have to address what the exit poll determines. in other words, these candidates who have been fighting each other on the election show of books have to sit down and be civilised and talk at all 3. have a listen. translation: latte civilised and talk at all 3. have a listen. translation:— civilised and talk at all 3. have a listen. translation: we are ready to take on responsibility, i listen. translation: we are ready to take on responsibility, and i listen. translation: we

but the greens and cdu are in favor of that.he eu recovery fund put in place with the aim of joint armoring in order to finance big projects including infrastructure, this is not something that the fdp would want to see expanded. they would wish to shrink it. that could create big riffs in europe. -- rifts in europe. >> he says he takes responsibility for his party registering the worst ever election results. he wants to leave the party into coalition talks were a possible new government. is there some cognitive dissonance there? >> one major german magazine wrote today that he seems to be suffering from a loss of his grip on reality. that is a harsh thing to say. he comes to this assertion from a very weak position. he says he is responsible and exit polls show us that many voters say they did not want to vote for the cdu because of its chancellor candidate. he says he takes personal responsibility what is a historic debacle. they lost a large share of its vote. we have seen the spd go up in comparison. there is nothing written

the spd slightly ahead of the cdu with 25.7% of the vote. followed by the cdu at 24.1%.scholz and armin laschet both say they have a valid case to form a government. the difference between the two of them is so tight they both say we will want to explore coalition options. yesterday we heard from olaf scholz who was all smiles. an incredible turnaround for the social in germany. he said the fact we have added seats and the cdu has lost seats means we should go first. having said that, armin laschet said i will try to form a government led by the union. we know this is as much about the union as it is about armin laschet and his political career. the only way he stays in leadership of the bloc is by making a government. if he doesn't, you can argue lights will be out for armin laschet especially after what was a terrible result for the union yesterday. francine: thank you. maximilian, thank you for joining us after the german election. i would like to point out the polls are still preliminary because we have not counted postal votes. given where we are, what is the market

union. —— cdu—csu union.y single party. people we spoke to at polling stations earlier seemed pulled in very different directions. the christian democrats have been in powerfor the past 16 years and a lot of the challenges were not really addressed. i voted for change, but not a dramatic change. the climate crisis is the most pressing issue we have - to deal with urgently. the environment was a big election issue. germany's green party didn't perform as strongly as it had hoped, but it's tipped to play a key role in the next german government. so, what now? well, it's all about coalition building. a race between germany's two main parties to woo others to form a parliamentary majority. only then will we know who germany's next chancellor will be. until then, angela merkel isn't going anywhere. katya adler, bbc news, berlin. let's cross live now to the german capital where we can speak to ed turner, research modern german politics. good morning. we are seeing reports that leading cdu figures including those re

the cdu, sbd and the gres. the cdu is the sister party of angela merkel's csu party.eaders in total. a lot to listen to. the last chance, perhaps, for these leaders to land a punch on each other. the editor of berlin pulse that researches. and the chief correspondent of politico based here in berlin. here is matthew on the two candidates likely to succeed angela merkel. >> they are both running on angela merkel's record. schultz has been running with angela merkel's famous hand gesture. there is a sense that in order to win, you need to copy angela merkel, which means you will stand for stability, you will try to convince thelectorate they do not need to worry about anything, all will be ok. germany can continue on as this large switzerland in the world, as it has. it seems to be working out for schultz. you can see the dramatic rise he has had in the polls over the last eight weeks. it is extraordinary by any standards. it is less about the party and more about him. >> when i covered the last election, immigration is the latest centrist issue. now, it is climate chan

for government under the leadership of the cdu/csu union.— of the cdu/csu union.cdu/csu union. for the greens. they _ of the cdu/csu union. for the greens, they were _ of the cdu/csu union. for thej greens, they were celebrating of the cdu/csu union. for the l greens, they were celebrating a record result not as good as they'd hoped it could have been six months ago. but they and the pro—business liberals will now play a key role in the business of trying to build a coalition. translation: we wanted more. _ coalition. translation: - wanted more. we did not achieve that, partly because of our own mistakes at the beginning of the campaign that make my own mistakes. this time it was not enough but the party has a mission for the future. we were warned it would _ mission for the future. we were warned it would be _ mission for the future. we were warned it would be a _ mission for the future. we were warned it would be a long, - mission for the future. we were warned it would be a long, long| warned it would be a long, long night and it certainly has proved to be that

but according to the latest projections, her party, the cdu, now that by armin laschet, appears to beolaf scholz�*s center left spd. let's take a look at the latest book projections. they have the centre—right conservative cdu on 24.2%, the centre left spd with 26% of the votes, the greens on 14.3%, the pro—business liberal free marketeers winning ii.5% pro—business liberal free marketeers winning 11.5% of the votes and the far right afd on 10.6% and the far left on 5%. in terms of seats in the german parliament's lower chamber, pa rliament�*s lower chamber, that would parliament's lower chamber, that would put the stp with the largest party, but usually needing support from two other parties in order to secure a majority. ros atkins is following all the latest development for us from berlin. such a tight race, korea, really we are now looking into probably days and weeks if not months of really tough negotiations. it is perhaps no surprise we have ended up here. the campaign has been a roller—coaster of a ride. we have seen three parties leading the polls different stages. originally

the cdu are on 29%. now look at the latest bowling. well, him in the cdu has been on the sly.ird injuly at the spd, the social democrats now find themselves in the lead. in the spd is leader is this man, he is the current finance minister, that's because germany's government at the moment is a grand coalition between the two main parties. one german this makes them very . they want voters to see them as bringing more of what anglo merkel offered. and olaf scholz seems very angela. even had her trademark tightening hand position. they are not one of the same. —— diamond. their different politicians from different parties. and this is his pitch. i different parties. and this is his itch. ., , , pitch. i will immediately bring in the minimum — pitch. i will immediately bring in the minimum wage _ pitch. i will immediately bring in the minimum wage of— pitch. i will immediately bring in the minimum wage of 12 - pitch. i will immediately bring in the minimum wage of 12 euros l pitch. i will immediately bring in i the minimum wage of 12 euros and ensure stable pensions and ensure th

iam centre—right cdu appears to be trailing. i am joined centre—right cdu appears to be trailing.entre—right cdu appears to be trailing. i am joined now by ros atkins in berlin. he has been following this tight race for us across all of our networks. or to have you on the programme. it has been such a busy couple of hours for you, such a tight race.— you, such a tight race. such a tight race, you, such a tight race. such a tight race. carissa- _ you, such a tight race. such a tight race, carissa. really, _ you, such a tight race. such a tight race, carissa. really, we _ you, such a tight race. such a tight race, carissa. really, we are now. race, carissa. really, we are now looking into days and weeks, if not months, of really tough negotiations. it is perhaps not surprised we have ended up here. the campaign is been a roller—coaster of a ride. we have seen three parties leading the polls at different stages. originally, the cdu, then the greens for a moment, remarkably, the greens for a moment, remarkably, the naifa back and the social democrats led the polls and they led the pol

we made the strongest result party ever made besides cdu and spd in national elections.we come with a strong power to the table and our goals in fighting climate change, in defending democrats, those are top goals, and fighting for social equality, those are the things that we have to bring to the coalition table and i think we are strong in those debates. >> it's been a pleasure catching up with you. good to get your views representing the greens. and, of course, we all wait and watch to see how these negotiations ultimately shakedown. konstantin von notz, member of the greens let me send it back to you in the studio >> thank you so much for joining us and bringing us those interviews and your coverage on friday and today annette and jeff >>> let's look at u.s. futures and how wall street is poised to open i think the big stories for markets last week was the higher move in bond yields overshadowing the ongoing evergrande story and this morning we are looking at s&p 500, dow jones and nasdaq all looking at a positive change dow jones looking at a 160 point rise at the o

race to succeed angela merkel but according to the latest projections, her party, the centre—right cdu to be trailing the centre—left. let's take a look at the latest vote predictions from us german news organisation. the centre—right conservatives on 24%. the greens 14.6% and the pro—business liberal free marketeers winning ii.5% pro—business liberal free marketeers winning 11.5% of the vote and the far right on 10.4 and the far left on 4.9%. in terms of seats in the german parliament's lower chamber that pa rliament�*s lower chamber that would put parliament's lower chamber that would put the sdp as the largest party with 209 seats but, crucially, needing support from two other parties in order to secure a majority. we have been following all the latest developments.— developments. such a tight race. developments. such a tight race- we — developments. such a tight race. we are _ developments. such a tight race. we are looking - developments. such a tight race. we are looking at - developments. such a tight race. we are looking at are| race. we are looking at are probably days and wee

a vote for the cdu is a vote against a left government.stable coalition for a strong and modern germany. >> building a new ruling coalition is likely to require members of both parties, of other parties as well like the greens and the fdp. leaders say they hope to have a new government in place by christmas. till that happens, mrs. merkel will remain in power. i want to talk about this with european affairs commentator dominick thomas. he joins us from berlin. it's fascinating because it's a new era for europe, and i do want to talk about that in just a moment. but as we pass these numbers, mrs. merkel's party has taken a hit. is that because voters have voted against her and her legacy? >> it's a great question. if you put it in a longer historical context, you can see that back in 2005 when angela merkel first became chancellor, her party and the coalition with the spd, had about 70% of the parliamentary seats. that dropped in 2017 to them barely being able to achieve a coalition. and you've seen further erosion in this election. they di

can the cdu recoverfrom don't like you any more. can the cdu recover from this?t he's done to date these from his perspective was quite smart. he claimed that he is the one that is now trying to form a stable three party government which means that at this point he keeps himself in play. but what can happen in the weeks to come, especially traffic light to coalition is that discussions, debates about the ideological direction that they might take will break out within the party and it is hard to predict what the outcome of that will be because there's been a lot of discontent with angela merkel when she was in power. thank you very much for joining us. thank you. for more on the fallout from the general election you can head to our website. negotiations begin in earnest in ? it we were hearing you can go to our website and follow the links. the army could be deployed to dry fuel tankers in an effort to resolve the empty fuel pumps in many parts of the country. 0ver the empty fuel pumps in many parts of the country. over half of britain's fuel stations are thought

the cdu seems to be narrowing the gap. is there a path to victory?ill a path to victory? maria: we talked about the mess of this election. we talked about the bad polling numbers as a weak candidate on the campaign trail but the cdu says we are seeing polls that show that we are narrowing the gap with the spd, still leading. we are cutting that gap with the social democrats. come sunday, and you can argue this is their political spin, and to some extent, wishful thinking, they believe the average german will have to make a decision. and the average german, in their eyes, continues to be traditional, very proud of the made in germany industry, and also a christian country, and that will come to resonate with the cdu credentials going into this. this could be the wishful thinking but they still believe that a lot of voters will decide. ultimately, they want to stay with a government and coalition that they know so they believe that there is still a path to victory. come sunday, having said that, the polls are clear. if there was to be an election today

the bad results are really beginning to trickle down for the cdu. also facing a lot of criticism from a newspaper that shapes public opinion in germany. yesterday, it was brutal. it kept repeating he needs to wake up to reality, the cdu is not in a position to form a government. then we headed public opinion survey that came out, 56% of germans would prefer olaf scholz to be the next chancellor. you can see where the narrative is. it will be very difficult. i would really say it is the traffic lights coalition that is really gaining traction right now in germany. very briefly, we know that christian lennar will be having bilateral talks with the greens. they say they need to agree to a common agenda between the two of them before they can speak to olaf scholz. dani: great catching up with you. that is maria tadeo staying on top of the german election. get to the first word news with juliette saly. >> a pivotal trade meeting between the u.s. and the eu this week will be narrower in scope than originally planned. the contents of a joint statement outl

all still very fluid, but her cdu has| very fluid, but her cdu has dominated german politics for decades a loss mean for eur0pe?_ for europe? i think it depends what happens _ for europe? i think it depends what happens in _ for europe? i think it depends what happens in terms - for europe? i think it depends what happens in terms of - for europe? i think it depends what happens in terms of the | what happens in terms of the coalition after the election. if scholz becomes counsellor, i don't think we would see a huge difference there. we might see in terms of accents that he exerts on certain issues, you might see some differences. but overall, these are people who want the status quo, they stand for stability, they've been campaigning stability, and scholz has been going around your enemy, saying he is the true successor to merkel —— going around germany. i don't think we will see some radical shift in germany no matter who wins. and one more note from germany's campaign trail — outgoing chancellor angela merkel went to a bird zoo on friday, posing with some of the colourful specimens.

months of coalition wrangling as yesterday's elections leave the spd's olaf scholz inches ahead of the cdu. the evergrande fallout spreads. investors join thousands of chinese households demanding on the back from the embeddable -- embattled developer. plus, the energy crisis goes global. the u.k. considers drafting the army to get fuel to petrol stations. chinese homes to cut back power usage. good morning. there is a smorgasbord of risk to hit these markets. you and i grappled with the dominant narrative -- is it evergrande, the fuel crisis, is it a fast fed paper -- taper? or is there a global re-rating of rates? good morning. dani: good morning. i would say if you look at all of those, you could make the argument that rates is the least. energy is going to be short-lived, rates is a global market move. we have central banks in coordination starting to tighten policy. manus: absolutely. the new bond market tantrum. yes, the fed must tighten first, that's what you are used to happening, that's what every model has -- no. the bank of england, two year yields, bang. a new bond market tantr

is this new strategy from the cdu expected to hold up? on, the fear card. maria: yes. it is. and the interview that we had yesterday with merz he was very clear. he said, we have four weeks ago. the real campaigning starts now. we will tell the german people and they will come to understand that voting for him does not -- it leads left to the left climate extreme makes -- extremists getting into the government. that is what they're hoping for. if you look at the polls, they tell you a different story. the stb is cementing its lead. have an incredible lead. if you look at the numbers just a few weeks ago and highlights and signals the huge decline from the cdu. so far the message is propped up by very radical members in very radical proposals is not something that is sticking with the german public. anna: a few weeks ago. thank you very much. maria tadeo in berlin. let's stick with that german theme, guntram wolff is br uegel's director. we will widen to the european economy, some challenges that we all face right now. i know you're just e

it will show the legacy angela merkel will have more cdu party bloc here in germany, with what she hasght competition between these two parties in germany, the social democrats and angela merkel conservative cdu. we were hearing from our correspondent that the negotiations for forming a coalition would be long and difficult, what is the expectation? damien was absolutely right, all we can say is that with a large degree of certainty, the runner—up or the one in third place right now, the green party, they have seen a steep decline from the soaring highs being led by annalena baerbock, they will be the most likely party to end up in government, but the question is, who will send out the invites what is expected to be a coalition? it could be angela merkel�*s conservative cdu, it could be the social democrats, it could be the pro—business free democrats being the kingmakers here, ironic given they walk away from that option four years ago, and we are seeing this as too close to call in what will pan out to be a german government leaving germany into the next four crucial years, where the

is there a danger that that happens to the cdu?— that happens to the cdu?l was unapologetic about her 16 years as chancellor. she said that she had no regrets. _ chancellor. she said that she had no regrets, that she had left the chancellery with a clear conscience, so perhaps — chancellery with a clear conscience, so perhaps not only for the conservatives but the social democrats, this will play a role also _ democrats, this will play a role also in — democrats, this will play a role also in the _ democrats, this will play a role also in the way the electorate will choose _ also in the way the electorate will choose the next chancellor because those _ choose the next chancellor because those 16 _ choose the next chancellor because those 16 years have also... things that have — those 16 years have also... things that have to— those 16 years have also... things that have to be improved in germany, and conservatives have not delivered so far _ and conservatives have not delivered so far. . ~' ,. , and conservatives have not delivered so far. . ~ ,. , . and co

a new one sees the cdu catch-up. cdu members still believe they can win.y germany is not berlin. what really matters about germany is this is still a conservative christian country and that will resonate in the end. we know the cdu has had a horrible campaign going into this election. there's a lot of uncertainty. the big questions are going to kick in on the 27th. one of the issues the market has not fully priced in his they are not natural coalitions, they are three-way coalitions. when you bring in three parties, that gets very complicated. >> going back to the polling, we saw olaf scholz and his party able to sustain the lead even after that raid on the finance offices. does that suggest to some degree it would take a lot to derail the current trajectory things are on? >> yes, and in terms of that raid, to me there are two things we need to keep in mind here. one is that nobody is saying he personally enriched from any of this. that is important. this is about the finance ministry, not olaf scholz as an individual. many germans i spoke with, they all r

the cdu.e be standing up and saying this is not possible? we standing up and saying this is not ossible? ~ . , . standing up and saying this is not ossible? ~ ., , . , possible? we have very exciting days ahead tomorrow _ possible? we have very exciting days ahead tomorrow and _ possible? we have very exciting days ahead tomorrow and they _ possible? we have very exciting days ahead tomorrow and they will - possible? we have very exciting days ahead tomorrow and they will meet i ahead tomorrow and they will meet for the first time and it would be very heated and we will get a lot from the new mps._ very heated and we will get a lot from the new mps. what would you tell him to say _ from the new mps. what would you tell him to say tomorrow? - from the new mps. what would you tell him to say tomorrow? i - from the new mps. what would you tell him to say tomorrow? i think. from the new mps. what would you | tell him to say tomorrow? i think he needs to show motivation and show that there is delay

cdu people are a bit unsettled and scared that ang's won't be the same. they shouldn't be. is important. everyone believes that from all parties. it is good to have a new coalition. >> germans are expected to spread their votes among more parties than usual. the election will be followed by coalition negotiations that could last weeks, if not months. it is unclear whether germany's conservatives will be included. >> the ukrainian president has promised a strong response after his principal aid survived an apparent assassination attempt. gunshots were fired at a vehicle he was traveling in south of the capital, key avenue. more than 10 bullets hit the vehicle, and the aid escaped unharmed. it is unknown who carried out the shooting. >> what is more important, my close friend was shot at. his life, his driver is unfortunately injured. manhunt is being launched. this is classified as attempted murder. immediately after my address to the u.n., i will go to the ukrainian capital. who is behind this? i don't know. who are these powers? could be internal, it could be external. say

what is interesting, though, is that they are not expected to win over the cdu/csu voters. we have to remember that numbers are dropping to record lows. some analysts say it is because migration, the one topic the afd was able to capitalize on in the last election, is not as present this time around. second, the party has -- some of the members are under germany's intelligence agency surveillance, and that increases hurdles to them. brent: in the last election, as you said, the refugee crisis was one big reason we saw an increase in voter support for the far-right. is there anything, though, that is analogous to that this time around? >> not to the same extent, but the one topic they are trying to get out and capitalize on is the handling of it. one of the major points in their program as they want to get rid of all pandemic restrictions. some of the party leaders are openly flirting with the anti-vaccine here in germany. a former lead candidate is very vocal about the fact that she has not been vaccinated yet, and she and her party want to sort of present themselves as the

armin laschet, may have come second but if he can form a coalition he could still become chancellor — cdun pugnacious form. translation: ~ ., , translation: we will do everything to create a government _ translation: we will do everything to create a government led - translation: we will do everything to create a government led by - translation: we will do everything to create a government led by the i to create a government led by the cdu because germany needs a coalition for the future that modernises our country. germany's game of thrones _ modernises our country. germany's game of thrones has _ modernises our country. germany's game of thrones has begun. - modernises our country. germany's game of thrones has begun. both i modernises our country. germany's i game of thrones has begun. both the conservatives and the social democrats will most likely try to form a coalition with the same two parties, the greens and the free democrats. their leaders are having a whale of a time, relishing their role as kingmakers in this election. the greens would probably prefer a coalition with olaf sc

the cdu has been in power for the past 16 years, and a lot of the challenges were not really addressedchange, but not a dramatic change. the climate crisis is the most pressing issue we have - to deal with urgently. the environment was a big election issue, germany's green party didn't perform as strongly as it had hoped, but it's tipped to play a key role in the next german government. so, what now? well, it's all about coalition building. a race between germany's two main parties to woo others to form a parliamentary majority. only then will we know who germany's next chancellor will be, until then, angela merkel isn't going anywhere. katya adler, bbc news, berlin. early i spoke to a professor from the centre of european studies about the likely permutations of these negotiations.- permutations of these neuotiations. . ., ., ., negotiations. hard to have a riaht negotiations. hard to have a right now — negotiations. hard to have a right now because _ negotiations. hard to have a right now because we - negotiations. hard to have a right now because we are i right now because we are lo

and it is election week in germany, the cdu on the defensive as angela merkel set to head onto the campaign trail. there's only one word you need to understand, it is ever grande . this is about an equity in the lowest value in history and it is bleeding across the credit default swaps, but if you can't get a cds on ever grand, where do you go? this is vicarious hedging, not on the sovereigns but in case of ever grande. dani: that black box means a three standard or more deviation, you can see the risk, the fear emanating through the markets. it is all about the contagion risks this morning and without any response from the government because of the holiday, it is allowing investors to imagine the worst. it is a mark twain moment. i have known many great troubles, most of which never happened. that's what investors are seeming to think today. manus: this chimes with what other people are saying. we will get stephen engle in a moment. i want to show you where we are. they say they have a lehman moment every 36 months, they don't think this is a lehman moment but that doesn't mean ever grand

and i think there's a lot of finger-pointing between the cdu and the spd. responsible for that situation because they moved the financial unit, tasked with countering anti-money laundering, analyzing suspicious reports, and disorganization have been removed from the federal relief to customs by the cdu minister of finance. they're both culprits in this and now they have a big show. so my focus is much more on how can we reform anti-money laundering laws and how can we enable the financial intelligence unit to be something like an anti-money-laundering fbi, a true police force, as we have in italy, for example. maria: right, and you have been very critical of both parties, i should note. but talk to me about the timing of this raid. there's many political commentators in berlin that say today's grilling is not about getting answers. it's about making olaf scholz looked at. the timing is very funny -- look bad. the timing is very funny. what do you make of it? fabio: we asked for this special session because it is obviously a very interesting situation that t

his closest rival is a europhile conservative from angela merkel�*s cdu party.vernment. the environment is a big issue in sunday's election and in crowds like these, you find a fair few merkel critics. nojustice! no peace! tens of thousands gathered in front of the german parliament today demanding change and accusing chancellor merkel of failing to prepare germany for the challenging future ahead. but climate concerns are now for the in—tray of angela merkel�*s successor. this photo went viral this week after she visited a bird sanctuary, appearing far more relaxed than usual. the merkel era in german politics is drawing to a close. 0ur bonn correspondent, jenny hill, has been giving us the latest on what the outcome might be. germany is on the threshold of a new political era but you know tonight the race to succeed angela merkel is simply too close to call. the conservatives, the cdu party, is just behind the social democrat party in the polls, but that gap has been narrowing and actually one poll suggests there is a single percentage point between them. ange

is the cdu of angela merkel.he question germans will have to answer for themselves. annmarie: thanks so much. maria tadeo keeping on top of the election. . for us. mark, sorry to step on your toes. i wanted to give us more time to talk about the function nt go. we were looking at lehman but you have another one for us. mark: you gave me the nt idea. people talk about the buying opportunity with the current discount. i have seen a phrase that enter the financial lexicon that was not there before. here is a chart of how frequently buying opportunity is a term in news stories. it has exploded and this ties into the retail, the buy the dip phenomenon. it is about buying opportunities. annmarie: there is some sweet irony to this chart. if you think about the big by the dip opportunity, you think perhaps we see a spike in this chart when we get -- in the market. the big spike comes in 2021. the market has been able to stay afloat. i don't know what buying opportunities people are looking at exactly. mark: absolutely, a

the spd have 10 more seats in the bundestag and the conservative cdu and csu. since then we've had armen, the candidate for the cdu to succeed under angela merkel, last night he basically said he would also be willing to form a government. this turned a different language today. now he is saying he's not claiming a mandate for the government, but he is going to still try and do it, particularly if his attempts fail. he will try to stick around. >> how long will they give them, what's the timeline. >> by three months with most coalition agreements. the big exception was four years ago. the first round of talks to form the coalition oversaw attempts to form a coalition with the greens, that failed when they pulled out and the social democrats were reluctantly pushed into another grand coalition as we like to call it. but once things get on track here, you can expect per luminary talks would take up october before going into official talks in germany. you basically have to draft a coalition accord that is a book length blueprint for what the next government is goi

and that you have the cdu and csu and the greens and the free market liberals of the f d p.t this time with the greens. together these are the 3 parties that have been pulling top which raises questions about the strength of any opposition to the coalition. then the traffic lights coalition, red for the social democrats, yellow of the free market liberals the f d p but this time the greens as well. they have a lot of common ground that there are differences on social policy and taxes. they will have to get over those differences that they are able to form a governing coalition. those are 4 options and there are many, many more which is why even when we have the result thatis why even when we have the result that is just the start of the process. the negotiations began and it will only be when coalition is formed we will know who will replace angela merkel. i hope you followed all that. forall the angela merkel. i hope you followed all that. for all the complexities this is a very big moment for germany and europe as well. we will bring you analysis in our special programme a

angela merkel's cdu party is still trailing the social democrats. the green greens slip further behind, even though their candidate started the campaign with a real chance at the top job. angela merkel's center-right conservative lock -- bloc up a couple of points at 22%. the greens have slipped to 15%. their hope of unseating the big two parties for the first time looks increasingly unlikely. this is the most uncertain election in modern german history and if parties outperform their poll values just a bit, it could have a big impact on who makes up germany's government. we asked if any of the german parties is anywhere near the 51% they would need for a majority. >> normally, what feels to happen is that one of the larger parties, either the social democrats or conservatives, would cooperate with a smaller party. most of the time, that was taken by the business-friendly free democrats. then the greens came onto the scene, and around the turn-of-the-century, the greens cooperated us junior partner in two governments with the social democrats. nowad

the concerted cdu has dominated politics for decades. what would a loss r ms.s block mean for europe? matthew: it depends what happens inerms of the coalition after the election. if schulz, the spd candidate becomes chancellor, he is very much in the merkel mold. i don't think we would see a huge difference there. you might see in terms of access he exerts on certain issues. you might see some differences. these are people who wt the status quo, stand for stability, campaigning on stability. schultz has been going around germany saying he is the true heir to merkel. i don't think we are going to see any sort of radical shift in germany if either candidate wins. nancy: after 16 years in office, this does feel for observers like a landmark ection. what is the public mood? is there excitement around this election? tthew: there is not as much excitement as you might expect ahead of such a momentous election. i was listening to the german public radio this morning, the main morning program. they were discussing dante. i think that suggests there is a bit of fatigue

then you've got the cdu along with the sister party, the csu.s could be critical there on 17% and at the moment the free market liberals are on 11. the reason all these parties matter is the next government of germany will be a coalition and there are any number of possibilities here. there are other parties on the ballot that may also be a factor. let's hear fromatthew, our chief european correspondent or politico on whether the spd could realistically take this. >> it looks realistic at the moment. as you have said, the holes have been tightening and we are well within the margin of error. for the past six to eight weeks would say, the momentum has really been with the social democrats and it doesn't look at the moment like there is any real impulse there that would propel the christian democrats forward and allow them to take this election on sunday. armand losh was this evening with angela merkel and as has been typical for him throughout the campaign, it didn't go well. it started raining, there were hecklers in the crowd. he has had lot of

the cdu has been in power for the past 16 years, and a lot of the challenges were not really addressedatic change. the climate crisis is the most pressing issue we have - to deal with urgently. the environment was a big election issue, germany's green party didn't perform as strongly as it had hoped, but it's tipped to play a key role in the next german government. so, what now? well, it's all about coalition building. a race between germany's two main parties to woo others to form a parliamentary majority. only then will we know who germany's next chancellor will be, until then, angela merkel isn't going anywhere. the coalition haggling is likely to take weeks or even months in the process is going to be watched as closely outside germany as inside. this is the eu's richest and most powerful nation, and germany's role on the global stage isn't going to diminishjust because on the global stage isn't going to diminish just because angela merkel walks out the door. germany is a key ally of the uk and in the us president biden wants to know what the new government here's attitude will be

also shows this could well be a net can race of what was formerly known as the mighty conservative cdu ten party, the social democrats, who were struggling to remain in double digits just over a year ago. brent: i want to ask you about this -- the legacy of angela merkel, how big of a shadow does she cast? reporter: a huge one, because she is an overarching international figure that almost crushes the successors who want to succeed her. the 32 euro candidate in her home constituency was here so she has to successors at the same time he want to feel those big shoes, although she does stress that she doesn't have very large feet. we also saw her speak of her legacy, talking about digitize a show in, which is one of her biggest failings as well, because she was one of the first to mention this as a key policy and then left germany lagging sorely behind after 16 years. so everyone seems to agree it is time for departure, but in which direction? we will learn that on sunday, probably late in the day. brent: our chief political editor reporting from northeastern germany. staying here in germ

what commitments do they expect in the cdu and the social democrats?they very much want to have the finance ministry. they are a pro business party. this came up in the debate again last night. their leader said germany needs to return to fiscal restraint. that is something they would put a lot of emphasis on. in term turnovers greens, of course it is their climate policy and they have a lot of spending plans and want to raise the minimum wage. it would be interesting if these two parties they believe are the potential king makers for any government that was formed how you're going to get them into a government together and square that circumstancele with the one suggesting big spending plans and the other saying we need to -- germany needs to return to fiscal restraint. mark: thank you very much, chad thomas. bloomberg's western european managing editor in berlin. now we're going to go to kersen nichols who joins us in london. good morning. when do you think we'll see a coalition come out of this government? what is your timeline for something to be r

or a federal government led by the cdu and csu. we heard a reference there to a party from the far left, democratic descendant of the communist party that governed old east germany. as all parties know there will be a coalition government of some form and they are offering themselves as a would coalition partner with the social democrats and the greens and misses merl is keen to ward off voters who are in fact not focused on the bricks -- risks she sees and is trying to present her own party candidate as a stable leader for germany. >> it's also about tangible economic and fiscal considerations that will define the future of this country. that is why, ladies and gentlemen, the best way forward is a government led by the cdu and csu. his government will stand for stability, reliability, moderation and balance, exactly what germany needs. >> being presented as a stable oice, but may not be enough. have a look at this latest poll that suggests that support for them, marked in black as the union because they align with their sister par

the conservatives, the cdu party, isjust behind close to call. party in the polls, but that gap has been narrowing and actually one poll suggests there is actually one poll suggests there is a single percentage point between them. angela merkel herself has vowed to stay out of the election campaign but the very idea that the social democrat 0laf scholz could snatch victory from her party's are candidate armin laschet is forced to rethink. the green party looked on course to come in third, but they are likely to still possibly end up as part of the government, because whoever comes out on top tomorrow will have to form a coalition. it won't be easy, there are a lot of combinations possible. it could be weeks if not months before in this country gets a new government and angela merkel stepped aside for a new german chancellor.— angela merkel stepped aside for a new german chancellor. thank you, jenn hill. europe are facing an uphill task in keep in touch with the united states at golf�*s 43rd ryder cup. the americans were looking to build on their

's ruling coalition is possible with both the spd and the cdu. the spd list 206 mps is the largest party in the bundestag. the chairman has been reelected, and he is relaxed about the greens and the spd. >> i am very confident we will be able to talk with clear convictions about the challenges for this country. we have ideas, we have a roadmap, and above all, we have olaf scholz. >> the cdu and csu are realizing that another candidate was the winner. >> olaf scholz has the best chance of becoming chancellor, clearly. >> the ftp and the greens want another round of talks on friday with more participants, but still strictly confidential. brent: let's take a look now at some of the other stories that are making headlines around the world. a tornado in the northern german city of kiel lifted several people off the ground and tossed them into the water. you see the funnel cloud there. that is all according to the local police. six people were hospitalized. the prime minister of kosovo has asked the region to replace special police forces unblocked ord

and it also seems like the cdu move to make this -- make him look bad.in a region the justice minister is a cdu member -- tom: may end up backfiring for them. maria, as always, great analysis. olaf scholz on autopilot for the moment, at least. maria is going to keep us across that story. maria tadeo, thank you much indeed. coming up, eurozone cpi comes in at 10:00 a.m. u.k. time. make a note of that if you are looking to boe and its rate views. and the fda hears booster shot arguments for the white house vaccine plans, the controversy around that. triple witching day in the u.s. market. we'll be watching for increased volatility, goldman sachs pointing to $3.4 trillion in equity options that will be expiring. finally, russia heads to the polls, voting continuing until sunday. let's quickly check in on the data before we let you go, last few seconds of the show here. across asia, seeing gains across .2%, the technology sector in china back in vogue, at least for the moment, posting some significant upside. the futures in the u.s. are just holding onto gai

they have leverage over the two biggest parties, the centre—right, the cdu and the centreleft socialen with the social democrats or the cdu and most commentators think the social democratic route is the most likely but believe me, there will be some twists and turns and some thought this result will be in the end they don't. so the likely outcome is that they come together even with the social democrats or the cdu and most commentators think the social democratic route is the most likely but believe me, there will be some twists and turns and some thought this result will be a knockout blow for the cdu party come easily one point behind. the founder of wikilea ks the founder of wikileaks spent seven years hold up in the embassy of london. in 2016, he must�*ve thought is like a turn. donald trump had talked of wikileaks through his campaign and saying that he loves it. by 2017, according to yahoo news, a plot is unfolding in washington to kidnap or even kill him. the details of that extraordinary report sourced from intelligence officials suggest the plan was being discussed at the hi

it suggests support for the cdu has fallen as low as 19%.ll down on a couple of months ago. meanwhile the social democrats are heading towards 25%. berlin correspondent damien mcguinness. usually, debates are very civilised, but this time around, the last german parliament debate for the election in three weeks' time was rockets. german chancellor was out on the attack accusing them, the leader of the central left in the left wings chancellor candidates of not ruling out working together in coalition after the election with the radically left—wing linker party and she was doing this to scare of centrist voters who might consider voting for them of the green party. she was saying to them, you might want to wake up with the far left wing government. the problem is that they have a reputation as a centrist, a current finance minister and is known to be not that exciting but certainly reliable. to portray him as a scary lefty who might bring in some communist regime isjust not very credible to many voters. more, this was seen as a sign of desper

and the latest poll shows it�*s the social democrats�* leading narrowly her conservative cdu.nt to 16%. and the business—friendly free democrats — of christian lindner — remain on 11%. guiding you through the election this weekend here on the bbc will be our colleague ros atkins who is berlin for us tonight. big event tonight. seven of the leaders on stayed done backstage. 25% of the electorate, i read, still undecided. it 25% of the electorate, i read, still undecided. . , 25% of the electorate, i read, still undecided. ., 25% of the electorate, i read, still undecided-— 25% of the electorate, i read, still undecided. ., , ., , , undecided. it was a big opportunity and it was an _ undecided. it was a big opportunity and it was an opportunity _ undecided. it was a big opportunity and it was an opportunity for - undecided. it was a big opportunity and it was an opportunity for all. undecided. it was a big opportunity and it was an opportunity for all of| and it was an opportunity for all of the representatives of the parties. there have been three previous debates but they have

his closest rival is a europhile conservative from angela merkel�*s cdu party. candidate is tipped to win a powerful position in the next german government. the environment is a big issue in sunday's election, and in crowds like these, you find a fair few merkel critics. no justice... no peace! tens of thousands gathered in front of the german parliament today, demanding change and accusing chancellor merkel of failing to prepare germany for the challenging future ahead. but climate concerns are now for the in—tray of angela merkel�*s successor. this photo went viral this week after she visited a bird sanctuary, appearing far more relaxed than usual. the merkel era in german politics is drawing to a close. katya adler, bbc news, berlin. drjackson janes is a senior fellow at the german marshall fund. he's also the president emeritus of the american institute for contemporary german studies atjohns hopkins university. he gave me his take on the race. at the moment, if you pay attention to the polls, her opponent is likely ahead. 0ne opponent is likely ahead. one o

but we are convinced a government led by cdu is best for our country, and we will feel obliged to ourg will be tricky. there are competing priorities between the political parties now in negotiations, including smaller parties like germany's greens and the business—minded fdp. but voters we spoke to today said they should just get on with it. it is ridiculous. it's really ridiculous. we still don't know who will lead our country in the next years, and i, personally, ifeel like the cdu should realise that we voted against — a lot of people at least voted against them. all this political uncertainty might be unsettling for germany's allies and trade partners abroad who are used to relying on german stability and predictability. but this is not about germany imploding. the fact that angela merkel was chancellor here for 16 long years was down to her. she was like a stopper in a bottle. now she's going, a lot of those votes simply went elsewhere. this is a country used to coalition—building, and in the meantime, chancellor merkel remains firmly in place. you do sense palpable frustration