German centre right elects Merkel critic as leader
Germany's centre right opposition Christian Democrats on Saturday elected Friedrich Merz, a critic of former Chancellor Angela Merkel, as their new leader by a huge majority.
Merkel left office in 2021 after 16 years in power and was succeeded by Social Democrat Olaf Scholz at the helm of a three-way coalition with the Greens and the pro-business Free Democrats.
Electoral defeat left the Christian Democratic Union (CDU) having to regroup and members gave their strong backing to Merz, a 66-year-old on the traditional right of the party, after twice rejecting him in recent years.
Merz, the only candidate standing, received the backing of 95 percent of 980 delegates at a virtual party congress and declared himself "deeply moved" to see the extent of their support.
The CDU are licking their wounds after a defeat to Scholz's Social Democrats in September elections which saw Merz's predecessor Armin Laschet lead the party to the worst showing in its history.
Video: Naftogaz CEO: You can only make Putin do the right thing if you are prepared to confront Russia (CNBC)
-
Officials say Americans shouldn't get too worked up about monkeypox outbreak CNBC's Meg Tirrell joins Shep Smith to report on the rare monkeypox outbreak, which has now spread to 11 countries.
CNBC
-
Bitcoin prices sink, Gary Vee on state of NFT market, Coinbase slashes spending: CNBC Crypto World CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, CNBC's Tanaya Macheel speaks with Gary Vaynerchuk about the state of the NFT market as the investors flee other cryptocurrencies and other risky investments.
CNBC
-
Watch CNBC's full interview with Gary Vaynerchuk on the state of NFTs CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, CNBC's Tanaya Macheel speaks with Gary Vaynerchuk about the state of the NFT market as the investors flee other cryptocurrencies and other risky investments.
CNBC
"We must be a strong opposition," said Merz as he targeted success in a slew of elections to regional assemblies slated this year.
He also took aim at Scholz, claiming the new chancellor should take a harder line both on Russia's ambitions in Ukraine and on making vaccination against Covid-19 obligatory.
The new CDU helmsman is a long-time opponent of Merkel, their rivalry dating back 20 years to when the former chancellor removed him from the strategically key post of chairman of the parliamentary party.
In 2009, Merz stepped away from politics to move into finance, becoming a multimillionaire, also taking on several influential roles within large companies -- he was notably an investment manager with Blackrock.
He also worked as a commercial lawyer.
The married Catholic father of three, who first entered parliament in 1994, owns two aeroplanes and pilots one himself.
ilp/cdw/bp