German Chancellor Angela Merkel addresses an election campaign rally of the Christian Democratic Union (CDU) in Kappeln, northern Germany on September 20, 2017, during the final days before Germans head to the polls. / AFP PHOTO / Odd ANDERSEN        (Photo credit should read ODD ANDERSEN/AFP/Getty Images)
Who will win German election?
02:03 - Source: CNN
CNN  — 

Germans are voting to choose a government, and a Chancellor, for the next four years.

The election underway in the EU’s economic powerhouse could see incumbent Angela Merkel from the Christian Democratic Union win a fourth term in office – or be ousted by her main rival Martin Schulz of the Social Democratic Party.

Merkel cast her vote in the eastern part of Berlin, the German capital, in the afternoon.

German Chancellor Angela Merkel leaves an election booth as she casts her vote in Berlin on Sunday.

Polling stations are open until 6 p.m. local time (12 p.m. ET), and the country’s two state broadcasters are expected to release an exit poll shortly after voting ends.

“The voter turnout is quite high here,” Markus Putzel, an election volunteer at a polling station in a school in Berlin’s Mitte district, told CNN. “It’s a bit like the German Bundesliga,” he said, referring to the German soccer league. “You know that Bayern Munich will always be the champion, but it is exciting to see who will come second.”

Turnout was robust despite rainy weather and the annual Berlin Marathon, which almost ground this part of the city to a halt in the morning.

Merkel or Schulz?

As the election reaches its final lap, it seems unlikely that one of the parties will win more than 50% of the 598 seats in parliament, meaning the largest party would start coalition talks on Monday.

Whoever wins has a daunting task ahead. Over the next four years, Germany will play a key role in overseeing – and negotiating – Britain’s departure from the European Union and in dealing with the global threats of terrorism, climate change and an emboldened North Korea.

The Chancellor will also have to tackle domestic concerns over immigration, education and investment in digital technologies.

Merkel has pledged to reduce Germany’s already low unemployment, and is offering modest tax cuts. She has defended her 2015 “open door” policy that led to more than a million refugees entering the country, but has insisted the events of that year must not be repeated.

“I honor our chancellor and want her to remain in power,” Elenor Mass, 88, told CNN. “I like her honesty, her persistence and her humanity as well as her hard work. I like her as our head of state.”

The Chancellor has largely stayed away from making big election promises and has been accused of “sleepwalking” through the campaign by the German media.

Schulz, a former President of the European Parliament, has been far more combative, promising to raise taxes on the rich, tackle poverty among workers and pensioners in Germany, and invest in infrastructure and education.

Martin Schulz, top candidate and chairman of the Social Democratic Party, casts his vote in the German election in Wuerselen, Germany, on Sunday.

He has also taken a harder line than his rival on the recent actions of Turkish President Recep Tayyip Erdogan and US President Donald Trump, who he accused of bringing “us to the brink of a crisis” with his “fire and fury” tweet.

“Security, economy and education are the most important issues in this election,” said Marion, a middle-aged voter who didn’t want to give her last name.

“There is no alternative to the Chancellor. The landscape of the parties is flat, they are all the same, there are simply no differences. Everything is a choice between a bit more or a bit less. I don’t like it.”

Chancellor candidate Martin Schulz speaks at a demonstration in Hamburg, Germany on August 31.

Who gets a say?

There are 61.5 million eligible voters in Germany and 42 parties contesting the election. But only six of those parties are likely to win enough votes to send representatives to the Bundestag, Germany’s parliament.

Those are Merkel’s conservatives (the CDU), the social democrats, the liberals (FDP), the Left party, the Greens and the anti-immigrant far-right Alternative for Germany (AfD) – which was founded in 2013 and looks set to enter parliament for the first time.

A poster from the far-right Alternative for Germany on September 21 in Berlin, Germany, that reads "Burkas? We prefer bikinis".

The CDU and SPD – partners in a coalition government since the last election in 2013 – are likely to emerge as the two largest parties. But the battle for third place among the smaller parties has been fierce.

A woman wearing a veil casts her ballot at a polling station in Berlin during general elections on September 24.

Around 650,000 volunteers have been deployed at 73,500 polling stations across the country to make sure the process runs smoothly.

Merkel supporters wave placards at a campaign rally in Kappeln, Germany on September 20.

What happens next?

Once the final results have been announced on Monday, coalition talks will begin.

To form a government, the parties involved must have a combined total of at least 50% of the seats in parliament.

There are likely to be several coalition options, and plenty of disagreement between the parties before they reach a deal.

Parliament will reconvene on October 24 with the new government in place.

CNN’s Schams Elwazer, Fred Pleitgen, Nadine Schmidt and Christian Streib contributed to this report.