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Scholz's Party Loses Vote in Germany's Most-Populous State [Financial Post (Toronto, Ontario, Canada)]

RHEINMETALL AG UNSP/ADR (RNMBY) 
Company Research Source: Financial Post
The Christian Democrats, the main opposition party at the national level, was projected to take 35% of the vote in North Rhine-Westphalia on Sunday, maintaining its hold over Germany’s most-populous state. In its former stronghold, the SPD slumped to 27.5%, its worst-ever result, according to an exit poll for public broadcaster ARD. The outcome could be damaging for Scholz because he traveled several times to campaign in Germany’s industrial heartland, where the party has a natural base among blue-collar workers. The latest ballot took place under the shadow of Russia’s war in Ukraine. Scholz’s approval rating has slumped after he was criticized at home and abroad for foot-dragging on supplying Kyiv with heavy weapons and for blocking an immediate ban on Russian energy imports. The growing dissatisfaction has contributed to the SPD’s support slipping behind the CDU-led conservative bloc nationally. Last week, the SPD suffered its first defeat in a regional election since Scholz too Show less Read more
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