January 23, 2020

Merkel Party Chief Says Succession Team to Be Decided This Year
(Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.The chief of Germany’s Christian Democrats aims to assemble her team to succeed Chancellor Angela Merkel by the end of this year, a move to assert her authority amid growing leadership uncertainty in Europe’s largest nation.Annegret Kramp-Karrenbauer, who as CDU leader is Merkel’s presumptive heir, signaled in an interview on Thursday that she opposes a call by a key Bavarian ally for a cabinet reshuffle by the summer.“For 2021, the CDU needs a new team for the future, with new faces, and we’ll put that in place this year,” Kramp-Karrenbauer, 57, told Bloomberg Television at the World Economic Forum in Davos, Switzerland. “For me, that’s a more important perspective than a short-term change.”Ever since Merkel stepped down as leader of the CDU at the end of 2018, the ruling coalition has been plagued by infighting as potential contenders jockey for positions to succeed her and Germany’s export-driven economy runs out of steam.Kramp-Karrenbauer herself has struggled to gain traction, garnering less than half the approval ratings of Merkel, who remains the country’s most popular politician.Read More:If Merkel Wants to Fix the German Economy, She Needs to Hurry UpMerkel Party Leader’s Ultimatum Contains Rebels, For NowMerkel Fends Off Another Hustle From Upstart Tipped for Her JobGermany Would Contribute to Any Libya Peace Force, CDU Head SaysAKK, as she’s known, will have to reinforce her position within the CDU if she wants to become the party’s candidate for the chancellorship in the next election, due in 2021 at the latest. Merkel has said she won’t run for a fifth term.Even after she fended off a leadership challenge in the CDU late last year, Kramp-Karrenbauer remains under scrutiny from the party’s conservative and business wings.One rival who has emerged is Bavarian Premier Markus Soeder, the chairman of the CDU’s sister party, the Christian Social Union. He made the call for Merkel to reshuffle the cabinet, an objective he hopes to deliver by the summer.While AKK initially said the idea could be discussed, on Thursday she pushed back on the proposal.“First we have to ensure that this government that we have now works as well and dynamically as possible. There’s room for improvement, we can do even better.”InvestmentsSuch improvements include streamlining investments and cutting red tape, she said.“The problem is that we are too slow and too complicated in the process. Not enough is invested as a result, and this is the construction site we need to work on,” she said.Germany’s economy expanded at 0.6% in 2019, its weakest growth in 6 years. But the government continues to generate large budget surpluses, prompting renewed calls for even larger spending growth and tax breaks. AKK said such surplus cash should be invested “sensibly” in infrastructure and the military.“If we look at our budget and our investment right now, we see that we have no problem with money,” she said. Surpluses “shouldn’t be tucked away for a rainy day,” but instead directed toward “investment in technologies of the future, in our infrastructure,” Kramp-Karrenbauer said.(Updates with quotes, context, detail throughout)To contact the reporters on this story: Patrick Donahue in Berlin at pdonahue1@bloomberg.net;Chad Thomas in Davos, Switzerland at cthomas16@bloomberg.netTo contact the editors responsible for this story: Ben Sills at bsills@bloomberg.net, Raymond Colitt, Andrew BlackmanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Related Stories
Latest News
Top news around the world
Academy Awards

‘Oppenheimer’ Reigns at Oscars With Seven Wins, Including Best Picture and Director

Get the latest news about the 2024 Oscars, including nominations, winners, predictions and red carpet fashion at 96th Academy Awards

Around the World

Celebrity News

> Latest News in Media

Watch It
JoJo Siwa Reveals She Spent $50k on This Cosmetic Procedure
April 08, 2024
tilULujKDIA
Gypsy Rose Blanchard Files for Divorce from Ryan Anderson
April 08, 2024
kjqE93AL4AM
Bachelor Nation’s Trista Sutter Shares Update on Husband’s Battle With Lyme Disease | E! News
April 08, 2024
mNBxwEpFN4Y
Alan Tudyk Does All His Disney Voices
April 08, 2024
fkqBY4E9QPs
Bob Iger responds to critics who call Disney "too woke"
April 06, 2024
loZMrwBYVbI
Kirsten Dunst recites a classic cheer from 'Bring it On'
April 06, 2024
VHAca3r0t-k
Dr. Paul Nassif Offers Up Plastic Surgery Warning for Gypsy Rose Blanchard | TMZ
April 09, 2024
cXIyPm8mKGY
Reba McEntire Laughs at Joy Behar's Suggestion 'Jolene' is Anti-Feminist | TMZ TV
April 08, 2024
11Cyp1sH14I
NeNe Leakes Says She's Okay with Cheating If It's Done Respectfully | TMZ TV
April 08, 2024
IsjAeJFgwhk
Ben Affleck and Jennifer Lopez’s wedding was 20 years in the making
April 08, 2024
BU8hh19xtzA
Bianca Censori wears completely sheer tube dress and knee-high stockings for Kanye West outing
April 08, 2024
IkbdMacAuhU
Kelsea Ballerini tells trolls to ‘shut up’ about pantsless CMT Music Awards 2024 performance #shorts
April 08, 2024
G4OSTYyXcOc
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
08
Apr
ITALY: Serie A
Udinese - Inter Milan
07
Apr
ENGLAND: Premier League
Manchester United - Liverpool
07
Apr
ENGLAND: Premier League
Tottenham Hotspur - Nottingham Forest
07
Apr
ITALY: Serie A
Juventus - Fiorentina
07
Apr
ENGLAND: Premier League
Sheffield United - Chelsea
07
Apr
ITALY: Serie A
Monza - Napoli
07
Apr
GERMANY: Bundesliga
Wolfsburg - Borussia Monchengladbach
07
Apr
ITALY: Serie A
Verona - Genoa
07
Apr
ITALY: Serie A
Cagliari - Atalanta
07
Apr
GERMANY: Bundesliga
Hoffenheim - Augsburg
07
Apr
ITALY: Serie A
Frosinone - Bologna
06
Apr
GERMANY: Bundesliga
Heidenheim - Bayern Munich
06
Apr
GERMANY: Bundesliga
Borussia Dortmund - Stuttgart
06
Apr
ENGLAND: Premier League
Brighton - Arsenal
06
Apr
ITALY: Serie A
Roma - Lazio
06
Apr
ENGLAND: Premier League
Crystal Palace - Manchester City
06
Apr
ITALY: Serie A
AC Milan - Lecce
04
Apr
ENGLAND: Premier League
Chelsea - Manchester United
04
Apr
ENGLAND: Premier League
Liverpool - Sheffield United
03
Apr
ENGLAND: Premier League
Arsenal - Luton
03
Apr
ENGLAND: Premier League
Manchester City - Aston Villa
02
Apr
ENGLAND: Premier League
West Ham United - Tottenham Hotspur
01
Apr
SPAIN: La Liga
Villarreal - Atletico Madrid
01
Apr
ITALY: Serie A
Lecce - Roma
01
Apr
ITALY: Serie A
Inter Milan - Empoli
31
Mar
ENGLAND: Premier League
Manchester City - Arsenal
31
Mar
SPAIN: La Liga
Real Madrid - Athletic Bilbao
31
Mar
ENGLAND: Premier League
Liverpool - Brighton
30
Mar
SPAIN: La Liga
Barcelona - Las Palmas
30
Mar
ENGLAND: Premier League
Brentford - Manchester United
30
Mar
ITALY: Serie A
Fiorentina - AC Milan
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.