Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessNew center-left coalition in Germany: SPD Olaf Scholz to take over chancellorship...

New center-left coalition in Germany: SPD Olaf Scholz to take over chancellorship from Angela Merkel

Add to Favorite
Added to Favorite
Image Credit Twitter

 

Angela Merkel will step down from the position of Chancellor of Germany after 16 years of rule. However, she will not be succeeded by a member of her own ruling coalition. Instead Olaf Scholz, the candidate from the center-left Social Democratic Party (SPD) will be the new chancellor of the country.

Wednesday afternoon, three parties the SPD, the Free Democratic Party (FDP) and the Green Party announced a coalition that is expected to govern the country. Negotiations behind closed doors have been taking place from over a month after the September 26 elections. However, the leaders of the political parties did not divulge any details, till Wednesday.

The announcement not only mentioned that Olaf Scholz would be the next chancellor but also stated that the finance minister would be Christian Linder, the head of the FDP. Annalena Baerbock of the Green Party will be the Foreign Minister and Robert Habeck, also of the Green Party, will be the Economy and Climate Minister.



Scholz is expected to take over the leadership next month. Although there is some talk about change, many measures that have been taken under the leadership of Angela Merkel could remain the same. Scholz has been the finance minister under Merkel’s leadership and some say that he has adapted a similar style, after working with her for years.

The coalition, called the traffic-light coalition due to traditional party colors–Red for the SDP, yellow for the FDP and of course green for the Green Party, was expected to form the new government and strove to maintain an optimistic outlook about their talks for a coalition. However, it took five weeks of behind the scenes negotiations, following which there was a formal announcement.

After being sworn in as the German Chancellor, Scholz will not only face border tensions and shifting foreign policy but will also have to tackle the surge of COVID-19 across Germany. Europe is seeing a reemergence of coronavirus cases. The new chancellor and his administration will have to focus, once again, on vaccination drives, possible lockdowns, slowing of the economy and more.

Subscribe to get Latest News Updates

Latest News

You may like more
more

JPMorgan’s 2025 Global Economic Outlook: Resilience Amid Risks

Introduction JPMorgan’s latest "2025 Global Economic Outlook" projects a resilient...

Trump’s Nominations Signal Market Volatility: Insights from Piper Sandler

Key Takeaways from Piper Sandler’s Report 1. Increased Policy Uncertainty Piper...

Stock Market Update: Dow Rebounds Despite Target’s Slump

Introduction The stock market experienced a volatile session but closed...