Fukushima Fall-out: Merkel Party On The Out?

Fukushima Fall-out: Merkel Party On The Out?

Yesterday, Sunday, the German Chancellor Angela Merkel had a big bushel of Fukushima fall-out dumped on her head by regional voters. Her party lost control of a German state government, (Baden-Wuerttemberg), which it had controlled since 1953, since the end of the allied occupation of West Germany, following the end of World War II, six decades. The major bones of contention in the election was Ms. Merkel and her party, the conservatives, the Christian Democrats', support for nuclear power plants and the Green Party's vowed stance to put an end nuclear power in Germany. The victory gives the Green Party its first-ever premiership of a state government. The Greens are expected to form a coalition with the Social Democrats, and to govern Germany's most prosperous state. See the video.

This morning, Monday, Reuters is reporting that, "Shares in German utilities fell and renewables stocks rose on the expectation the vote could accelerate a shift away from nuclear power. "

Deutsche Bank released a statement that said the Baden-Wuerttemberg election result would lead to a "re-ordering of Germany's nuclear energy policy, and an accelerated schedule for the permanent shutdown of some or all of Germany's seventeen nuclear reactors."

This past weekend more than two hundred and fifty thousand Germans marched in that country's cities, demanding and end to nuclear power in the wake of the Fukushima crisis. That march is credited with influencing the outcome of Sunday's election.