Germany: Angela Merkel prepares her exit

German Chancellor Angela Merkel announced on Monday that she will not seek re-election as president of her party.

According to several sources, Merkel announced her decision this morning to the leaders of her party, the Christian Democratic Union (CDU).

This decision follows a new electoral setback on Sunday during the regional elections in Hesse.

Merkel’s coalition led the way, with 27 percent of the vote, but a ten-point drop from the 2013 poll.

Merkel has been president of the CDU since 2000. By renouncing this role, she would launch a race within the conservative party for her succession to the head of government.

This story is developing…

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