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ING's Carsten Brzeski in Berlin tells us that we're in for marathon talks between the Greens and the Liberals after a very close election result in Germany. They could take months and Angela Merkel is not expected finally to step down until Christmas.

German elections: Why Merkel could still be in charge by Christmas

Germany's center-left party, the SPD, appears to have narrowly won the country's general election. But this is now just the start of protracted discussions between it, Chancellor Angela Merkel's party, the CDU, and the Greens. It was an unexpectedly tight race and until a new government can be formed, ING's Carsten Brzeski tells us that Mrs Merkel could still be in post until Christmas.