AKK

Annegret Kramp-Karrenbauer Elected as Merkel's Successor

Annegret Kramp-Karrenbauer, a close ally of Angela Merkel, won a tight race to succeed her as party leader Friday, seeing off a longtime rival of the German chancellor, reports AFP. 

The contest, which required a runoff vote to secure a 52-percent majority for AKK as she is known, is expected to increase the likelihood that Merkel will be able to see out her fourth term until 2021.

Germany is About to Find Out Who's Likely to Replace Merkel as Leader

Germany's largest and dominant political party, the Christian Democratic Union (CDU), is holding a crucial vote to elect a new leader this coming weekend after Chancellor Angela Merkel said she would not run for the post and effectively started to wind down her political career, writes CNBC.