The end result of yesterday's election in Bavaria is German chancellor Angela Merkel's sister party, the CSU, losing its absolute majority and being forced to govern in a coalition government after the party's worst showing since 1950. Overall though, despite a lot of media attention focused on this election, I don't think the outcome tells us a lot about the political climate in Germany or in Western Europe. But there are several threads I want to mesh to give you a view into what happened yesterday.
The center parties now represent old, dying people
The most telling statistics on voting in the election comes from the analysis of just how the CSU lost its absolute majority. Take a look at where 2013 CSU voters went in 2018.
Now, all of the colored boxes are parties....
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.