I just discovered that Germany's Free Democratic Party (FDP) is [at least moderately] libertarian. In the most recent election, they got 9.8% of the vote (more than expected). Plus, there's talk of a coalition government between the Christian Democratic Union (CDU), the Christian Social Union (CSU, similar to the CDU but only for the state of Bavaria), the Green Party, and the FDP. Since the CDU and CSU are economically "liberal" (i.e., libertarian), the Green Party is socially liberal, and the FDP is both economically and socially liberal, it's possible that the new German government could be rather libertarian in nature.
In order to avoid a gridlocked "grand coalition" (I'm sick of the term, but that's what it's called) with the Social Democratic Party (SDP), the CDU/CSU has to convince the Green Party to join them instead of the SDP (the obvious partner). But to do this, the CDU/CSU might have to agree not to do anything too socially conservative (a la the Republican Party in the US) or support any military excursions (again, a la the Republican Party). Of course, it may also mean supporting some socialistic ideas regarding East Germany that the Greens support, but the presence of the FDP within such a coalition may cancel this desire out.
I don't know much about German politics, so this is all just [wishful] speculation. But a coalition comprising the CDU/CSU, the Greens, and the FDP may be able to all agree on their support of individual rights, hopefully both socially and economically.
UPDATE: For comments, see original blog post here.