Three Länder elections in three weeks, one uncomfortable trilemma. Saxony-Anhalt normalised the AfD, Mecklenburg-Vorpommern showed the SPD can still hold the line, and Berlin proved the populist vote has no fixed home — Berliners chose Die Linke, not the AfD. Chancellor Merz can't resolve all three at once, and the price is a slower CDU reform agenda, a weaker German voice in Brussels, and an emboldened Putin. Full flash note attached.
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