Exit Polls Indicate Merkel's CDU Set To Lose Key Baden-Wuerttemberg Regional Election; SPD, Greens To Win With 48.5% Of Votes

Tyler Durden's picture

And more bad news for European cohesiveness. From Reuters: "Chancellor Angela Merkel's Christian Democrats
will lose control of Germany's most prosperous state to the centre-left
opposition in a major upset to her centre-right government, according to
TV exit polls
.
  In Baden-Wuerttemberg state, the Greens and Social Democrats (SPD) looked set to win a combined 48.5 percent in an election on Sunday where Japan's nuclear disaster played a major role. The centre-left has long pushed to end the use of nuclear power. The Christian Democrats (CDU) and their Free Democrat coalition partners, big backers of prolonging the use of nuclear power in Germany, won a combined 43 percent of the vote, network ARD said shortly after polls closed at 1600 GMT." For Merkel, this is probably the last nail in the political coffin as the troubled premier is no longer able to placate either a broader Eurozone demanding far greater taxpayer concessions from her citizens in preventing the fall of the Euro (and the return of the Deutsche Mark, which would surge upon reimplementation, crippling Germany's export market, as a the old system reasserts itself), nor can she convince her own people that she has their best interests in mind, with the latest flap over nuclear power plants certainly not helping.

From Reuters:

 The Christian Democrats (CDU) and their Free Democrat coalition partners, big backers of prolonging the use of nuclear power in Germany, won a combined 43 percent of the vote, network ARD said shortly after polls closed at 1600 GMT.

The CDU, which has ruled the state for 58 years uninterrupted, took 38 percent and the FDP 5 percent. The Greens finished second with 25 percent and could lead a government in one of the country's 16 federal states for the first time. The SPD, their likely allies, took 23.5 percent, ARD said.

In another state election on Sunday in Rhineland-Palatinate, the SPD held onto power with a comfortable victory over the CDU and will likely form a coalition with the Greens.

With 4 hours until EURUSD resumes trading, many will be keeping their eyes glued to the first bid, following both this news, which was not totally unexpected, as well as the earlier "stunner" reported out of Ireland, which most certainly was not.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Ray1968's picture

Bigger rally on the SPX..... just another excuse.

slewie the pi-rat's picture

as Baden-W goes, so goes the nation!

the Greens?  the Greeenz?  could this be a first blow to euro-fascism, itself?  nah, but stay tuned just in case i could be wrong. again.

schadenfreude's picture

You schould be aware of the fact, that The Greens and SPD were leading Germany from 1998-2005. And they did nothing against EURO.

Bicycle Repairman's picture

"the Greens?  ..... could this be a first blow to euro-fascism, itself?"

Umm, no.

RobotTrader's picture

I doubt that Bill "Drawbridge" Gross and Mohammed "Sugar High" El-Erian will be able to sit in cash much longer.

Yields on PIIGS debt is getting high enough that anyone with the balls to jump in head first will probably "make their year" in 2011.

No doubt, when the world's largest hedge fund PTTRX is in cash, only a matter of time before they start chasing something and "reaching for yield".

slewie the pi-rat's picture

wow! whata great "would you buy a used car from this man?" pic of -lol- "sugar-hi El".  t.y., RT! 

that screen w/ the US under the Pimco stamp is +++, too.  and, when i wondered about the missing obligatory graph, i was drawn to his tie.  well done, indeed!

fortunately, for me, he's not "holding" my pension green stamps. 

Sudden Debt's picture

you wheren't supposed to see that slide...

But now you know. Once the economy is totally screwed and flat, they but everything for a penny on the dollar and the US national anthem will go something like this:

 

United States of PIMCO

The Silver Star Banner

Oh, say! can you see by the dawn's early light
What so proudly we hailed at the twilight's last gleaming;
Whose shines Pimpco logo, through the perilous fight,
O'er the ramparts we watched were so gallantly streaming?
And the rocket's red glare, the bombs bursting in air,
Gave proof through the night that our flag was still there:
Oh, say! does that Silver starbanner yet wave
O'er the land of the enslaved and the home of the banks?

On the shore, dimly seen through the mists of the deep,
Where the foe's haughty host in dread silence reposes,
What is that which the breeze, o'er the towering steep,
As it fitfully blows, half conceals, half discloses?
Now it catches the gleam of the morning's first beam,
In fully glory reflected now shines in the stream:
'Tis the Silver Star banner! Oh, long may it wave
O'er the land of the enslaved and the home of the branks!

And where is that band who so vauntingly swore
That the havoc of war and the battle's confusion
A home and a country should leave us no more?
Their blood has washed out their foul footsteps' pollution!
No refuge could save the hireling and slave
From the terror of flight or the gloom of the grave:
And the Silver Star banner in triumph doth wave
O'er the land of the free and the home of the branks.

Oh, thus be it ever, when freemen shall stand
Between their loved home and the war's desolation!
Blest with victory and peace, may the heav'n-rescued land
Praise the FED that hath sold us a nation!
Then conquer we must, when our cause it is just,
And this be our motto: "In Silver is our trust":
And the Silver star banner in triumph shall wave
O'er the land of the enslaved and the home of the banks.


slewie the pi-rat's picture

omg, RT!  i always enjoy getting inspirational w/ you, but this is fuking off the chartz!  wheee!

if you hate banksters and criminal pols looting the nation w/ lust,

do not play into their greedy hands by holding yer silver "in trust".

asteroids's picture

Gotta disagree. Cash is King! First and always.

Jack Sheet's picture

Looks more like Mohammed El-Erection under the lectern

Vampyroteuthis infernalis's picture

Bailouts keep coming until the responsible party gets sick of helping the neighborhood slacker. R.I.P. Euro and long live the DM!

swissaustrian's picture

SPD and Grüne will not push for a return to the DM - that´s for sure

And Merkel is a political survivalist - don´t underestimate her. She will wait until the nuke hysteria is over and carry on her silent work...

Germany´s government is NOT going to fall before the next regular election.

Sudden Debt's picture

All I know is that when a ship goes down, the rats usually leave the ship.

 

swissaustrian's picture

Germany isn´t going to down right now - the economic situation is way better than in the U.S.

And Merkel will be proven right not to go to war with libya. Wait a few months and this will be the main theme on the political agenda...

Sudden Debt's picture

Germany will never go down. But they will be closing the EURO GATES to save their economy and set the rest of Europe on fire while doing it.

 

schadenfreude's picture

No we won't. We are cornered.

End up with the banks/corpshitcracy and being again the "Bad Country" is the alternative to play the game, where US is leading....so it's kicking the can down the road until someone breaks a leg doing so.

sabra1's picture

rats usually leave the ship, right into radiated waters! loving every bit of this!

High Plains Drifter's picture

I think "they" want her out. She has not been dancing to the tune, like the good little slave she is supposed to be, so , as things go, she must be removed , one way or the other. And so, it happens.......such is life in this world today.  Leaders are selected, and not elected.

Luke 22:36

36Then said he unto them, But now, he that hath a purse, let him take it, and likewise his scrip: and he that hath no sword, let him sell his garment, and buy one.

Today my friends, we do not need plows, but now is the day of the sword.

slewie the pi-rat's picture

after the "last supper", which took place in "a large upper room furnished" (Lk 22:12), and before his arrest upon a mount of olives, mr. christ did say those words, HPD, but if ya don't cut the "proof-texting" quite so close, here's whatcha get:

Luk 22:35 And he said unto them, When I sent you without purse, and scrip, and shoes, lacked ye any thing? And they said, Nothing.
Luk 22:36   Then said he unto them, But now, he that hath a purse, let him take [it], and likewise [his] scrip: and he that hath no sword, let him sell his garment, and buy one.
Luk 22:37   For I say unto you, that this that is written must yet be accomplished in me, And he was reckoned among the transgressors: for the things concerning me have an end.
Luk 22:38   And they said, Lord, behold, here [are] two swords. And he said unto them, It is enough.

later, same ranch vv. 48-51:

But Jesus said unto him, Judas, betrayest thou the Son of man with a kiss?

When they which were about him saw what would follow, they said unto him, Lord, shall we smite with the sword? (note here that mr. c. does not answer this Q before...)

And one of them smote the servant of the high priest, and cut off his right ear.

And Jesus answered and said, Suffer ye thus far. And he touched his ear, and healed him.

ok, HPD, now consider that of the 12, 11 died horrible deaths, and john was only exiled to a freaking island.  paul too. no one ever fought with any sword but the sword of the tongue under the power of The Word.  not one of these dudes ever used a sword for anything more radical than chopping veggies or beheading large fish. 

so, i guess they just didn't get it, eh?  i'm not saying you're wrong to get ready for a freaking donnybrook, HPD, but to base it on mr. christ's words and teachings is a bit of a stretch for slewie.

mom used to say, "you goto your church; i'll goto mine."  hi, mom!  peace.

                             
goldfish1's picture

Leaders are selected, and not elected.

The Axe's picture

When the CDU got their ass handed to them in the Hamburg elections earlier, you knew it is over for the CDU...Real Germans don't want to be Greece bitches, or Spain, Ireland etc...if you don't thing that there is a growing rampage to leave the EU and return to the MARK...you don't understand the German people..

Jack Sheet's picture

Yeah maybe , but none of the political parties in Germany has a hard line on PIIGS bailouts and these were not an issue in any of the regional elections, certainly not in Hamburg and not today.

cswake's picture

+1. The parties will keep selling out the German citizens.

Pectoralis's picture

unfortunately... time to buy some gold!

wandstrasse's picture

perfectly right! my fellow citizens care about a lot of things, but definetely NOT about finance. there is some subliminal moaning like 'we brave Germans pay for all the lazy/incapable countries' but nobody has a clue what is going on. Case we get hyperinflation and / or fiat collapse, nobody would blame the (central)banks and the oligarchy behind it. Depressing but true.

Azannoth's picture

Most Germans live completely oblivious to any financial knowledge

fockewulf190's picture

Most Germans however do know what a Teuro is.

schadenfreude's picture

Just like the Landesbanken, which bought a shitload of CDO's.

fockewulf190's picture

Indeed, but I lay blame for that in the filtered news the public gets from it´s main television news channels.  The public are treated like sheep.

Azannoth's picture

Yes, the socialists cum communists are more likely to bring Germany down with the rest of the PIIGS than the 'democrats'

falak pema's picture

They killed all the communists in 1989 in Germany...maybe you forgot.

The Axe's picture

Thanks, Jack....I know Hamburg had other issues; such as the port upgrades etc..but sad to know that current EU policies of using the German sweat and money to bailout fellow EU members and the current state of the EU balance sheet means so little..thanks though for the update...

Nord's picture

The Germans are the bitches of Greece...and Spain and Ireland...

 

The Germans of 70 years ago would have sent tanks to bitch-slap the Greeks after showing such disrespect this past year.  But no, they just sit and take it.

 

It's no fun watching a pussified Germany. 

Pectoralis's picture

believe me - it's no fun being raised as a pussified german. give us another generation, and we might be back as self-conscious, normally thinking people. just in case, it's not germanistan till then.

falak pema's picture

pity you weren't at your prime 70 years ago...you'd have finished like the rest of those...non-pussies...

css1971's picture

None of the Germans I know (and I live there) give a shit about Greece, Spain or Portugal. Seriously, it's a total non issue. Nuclear power on the other hand gets them out on the streets with Molotovs. Which would fit with the election results.

So guess I just don't understand Germans.

Having said that, Germans are not really German. They're Saxons or Schwabisch, or  Bavarians etc.

 

Azannoth's picture

I agree, the Germans live in Lala land as much so as the Americans, they think that nothing can ever go wrong, and if it does the government will be there to save them

Jack Sheet's picture

current projections for seats in Baden Wuerttemberg regional parliament (6: 50 pm CEST)

CDU (Merkel's party): 60 seats (-9)

FDP (Merkel's federal govt coalition partner): 8 seats (-7)

SPD (the clapped-out social democrats) 35 seats (-3)

Greens (got lucky) 36 seats (+19)

 

 

 

Steroid's picture

Red and green blends to brown. Are they back?

Sudden Debt's picture

IN THE EURO I BELIEVE!

 

Thank God I've bought silver and went short on the euro...

 

apberusdisvet's picture

The final domino will be the big Irish middle finger; all planned to tank the Euro and raise the USD (oh what a tangled web we weave).

Jack Sheet's picture

I would venture to guess that holders of EUR who wanted to ditch them would buy gold and not USD, but you may indeed be right short-term.

Sudden Debt's picture

Final?

 

The next domino will be the countries with the biggest exposure and who have a debt/GDP ratio above 85%.

France, Belgium, Italy...

Take a pick.

 

schadenfreude's picture

Downtrend from July 2008 with resistance at 1,42 is good for a bounce back

buzzsaw99's picture

Our banker

WHo art in Frankfurt

Blessed be Thy name

Thy kingdom come

Thy will be done

In Dublin

As it is in D.C.

Grant us our daily Eurobux

And forgive us our defaults

For Thine is the Kingdom

The power, and the glory

Forever

Amen

 

You're a hot dog but you better not try to hurt her, Frank-furter!

Brad Majors

Sudden Debt's picture

A bit late to go anti nuclear now he? :)

 

COFFEE AND COKIES WILL BE SERVED IN THE FuKuSHiMa MESSHALL!

 

slewie the pi-rat's picture

t.y., props2009. with a link this brief, let's get it up for the irony of the original:

"The country has no food, no clean water and is now fast running out of patience. And yet there is enough will power to rally and protest.Anti-nuclear protesters have held a large rally in Tokyo, calling for change in Japan’s nuclear industry. Meanwhile, efforts are continuing to locate the exact source of a radioactive water leak at the stricken Fukushima nuclear plant.The protests are being held even as nuclear giant TEPCO comes under scrutiny for their alleged mis management of Fukushima."

the source page is a newie to slewie:  Dawn Wires, and their top-banner advertising is as wonderfully ironic as anything that tyler has flashed up there, with the possible exception of "condos in cairo": Counter-Terrorism Degree 100% Online Counter Terrorism Degrees. Accredited and Affordable/ Counterterrorism Degrees Earn a Counterterrorism Degree Taught by Former CIA, FBI and DoD/ and Do you know Islam ? Would you like to be a Muslim ? Join us in private live chat.

always nice to know who's payin the freight.

back to japan.  i always say, ya gonna go off-topic, don't be shy about it.  as we, meaning my multiple aspects, continue to read and digest the horrors of recent japanese natural, nuclear, and political history, it seems to us that there might be this ginormous "mexican standoff" in play.  it seems absurd, and hopefully will resolve into non-event-fullness, but right now, it seems to the slewiez that japan is just, really, doing absolutely fuking nothing. 

i guess they are waiting for the US or the "international communtity" to save their asses.  hence, the stand-off.  wouldn't it be interesting if the "international community" were to adopt the same "do-nothing" attitude?  if japan just wants to sit around and see what happens with a 6-banger nuke site puking life-ending iso's all over the place, let's just let them!  see how the exports go and don't "send" them any food, water, or other "imports" except lumber and re-bar to get their darling site ready for the pour, at which case they'll receive the needed cement and concrete supplies delivered to the safest port, which, as far as we're concerned, can be fuking hand-carried to fukushima by modern-day "lepers", for all we care, given their pace, so far.  if their own ants aren't ready to die to save their own fuking anthill, why the fuk should our ants volunteer to die to do it for them? 

you say we helped cause the problem, maybe even caused the problem in some wayz? (and i'm not playin a haarp, here, ok?)

ok, send the assholes food and water with the lumber and re-bar.  and anything else they fuking want or need, and let families with minor children ride out on the ships.  but it's still their fuking anthill, doncha think? 

slewie the pi-rat's picture

this is from a pre-disater date (3.8.11) @ gadling:

Big in Japan: Bullet train set to beat domestic rail speed record

With the possible exception of the perfectly conical Mt. Fuji and the humble cherry blossom, there is perhaps no greater symbol of Japan than the shinkansen (???) or bullet train. Racing across the archipelago at veritable race car speeds, the bullet train is the technological manifestation of performance, precision and elegance.

help! slewie'z trapped in italics and he can't get out!  stop with applause, ok?  what i'm getting to is that on or about 3.11.11, i read that a bullet train had disappeared during the quake and tsunami.  anybody got an update?  have they found any debris? let me try something here, same source:

"Beyond standard and slightly more spacious 'Green Car' seats, the Hayabusa is also equipped with a brand new 'Gran Class' car. As a throwback to the grand old days of rail travel, Gran Class passengers can enjoy reclining leather seats, free alcoholic drinks and limited-edition bento box lunches."

hey, i got out!  t.y.,  t.y. v. mucho dinero.  if that train didn't just auger itself into another dimension, what happened?  or was the orig report just anti-train propagananda?

Sendai Japan Earthquake Tsunami Swallows Bullet Train, Cruise Ship ...

Mar 11, 2011 ... A Japanese bullet train with hundreds of passengers is missing after a 33 ... The train – with hundreds of passengers – disappeared on a line ... to the coast as the impact of the huge quake swept ashore while the car ...

and, this:   “The First Twenty-four Hours” – Japan's Great Sendai Earthquake ...

Mar 13, 2011 ... Two of Japan's famous “Bullet Trains” also disappeared, ... be buried alive by collapsing tunnels during a subsequent aftershock quake. ...

also 3.13.11, destination-yisrael.biblesearchers.com: 
“The First Twenty-four Hours” – Japan's Great Sendai Earthquake ...

Mar 13, 2011 ... Two of Japan's famous “Bullet Trains” also disappeared, ... be buried alive by collapsing tunnels during a subsequent aftershock quake. ...

this site, a "Blog for the Lost Ten Tribers Awakening to Their New Reality", has fabulous disater photos and opens with: 

« HaRav Nir Ben Artzi, shlita – Earthquakes and Floods are G-d’s gift to Reunite “All Israel”; for the Lost Ten Tribes of Israel and the Jews are all Children of the Patriarch Israel | Main | The 2011 Purim Massacre Cry – “Remember Itamar” »

just below the 10 tribes thingy.  esoteric zionism?  then this:

Isaiah 24:1-3 – “Look! Adonai is stripping and destroying the earth, turning it upside down and scattering its inhabitants – priest and commoner, slave and master, maid and mistress, buyer and seller, lender and borrower, creditor and debtor. The land will be completely stripped, completely plundered, for Adonai has spoken this word.

and, 1/2 a letterman (now stuck in "bold".  stop laffing!):

Top 5 Earthquakes

  • May 1960: A 9.5 Mw earthquake in Southern Chile associated with a Tsunami that killed at least 1,716 people
  • March 1964: A 9.2 Mw earthquake hit Prince William Sound in Alaska with the resulting Tsunami that killed 131 people.
  • November 1952: A 9.0 Mw quake in Kamchatka caused damage but no reported deaths despite setting off 30-foot (9.1-meter) waves in Hawaii.
  • December 2004: An Indian Ocean Tsunami was triggered by a 9.0 Mw Earthquake that killed 230,000 people in a dozen countries.

March 11, 2011: A 9.0 Mw Earthquake struck the northeastern coast of Japan, triggering a 33 foot tsunami that slammed the coastline near the Port city of Sendai, with upwards to 80,000 people reported missing or killed.

still stuck in bold, trying anything, now. after a color photo captioned...: 

Houses engulfed in Fire as the Natori River sweeps by with the Tsunami Floods.

[shit! that didn't work!]...they go with:

Isaiah 24:4-6 – “The earth fades and withers, the world wilts and withers, the exalted of the earth languish. The earth lies defiled under its inhabitants; because they have transgressed the teachings changed the Torah and broken the everlasting covenant.

Therefore a curse is devouring the earth, and its inhabitants are punished for their guilt. It is why those living there waste away, and the people left are few."

nothing works!  hopelessly yers,

slewie.