Wed. Dec 1st, 2021

A three-way alliance will have the Social Democrat Olaf Scholz replace the conservative Angela Merkel as chancellor.

The leaders of three German parties will present their agreement to form a coalition government that will see Social Democrats Olaf Scholz Conservative Angela Merkel replaced as Chancellor, according to an invitation distributed by the Social Democrats.

A news conference scheduled for Wednesday at 15:00 local time (14:00 GMT) will follow a final round of talks between the center-left Social Democrats (SPD), the ecologist Greens and the libertarian Free Democrats (FDP) ), the SPD said. his invitation.

The SPD was negotiate with the Greens and FDP since narrowly winning a national election on 26 September.

If approved by party members in the coming weeks, the agreement would install the first three-way federal coalition government in Germany since the 1950s and replace the current “big” coalition of Social Democrats and Merkel’s Christian Democrats.

The new alliance – called a “traffic light” coalition after the three parties’ respective colors – has promised to modernize Europe’s largest economy by upgrading its infrastructure and prioritizing measures to protect the climate.

Sources told Reuters on Tuesday the parties had agreed to commit to phasing out coal by 2030 and ending gas-fired power generation by 2040.

At the urging of the Free Democrats, the prospective partners said they would not raise taxes or loosen curbs on the run-up to debt, making funding a central issue.

Some bystanders fear that the parties will struggle to bridge their sharp ideological divisions, which in turn could paralyze a European Union currently struggling with the coronavirus pandemic and the rise of authoritarianism.

Yet the parties have opposed predictions that talks could last until next year, or even fail, with their promise to reach an agreement two months after September’s election.

The negotiations were relatively harmonious and rapid compared to previous coalition talks.

But the political transition – with Merkel as caretaker – came at a turbulent time in Germany, where COVID-19 cases are soar again amid a fourth wave of infections that has gripped many parts of Europe.

Merkel’s center-right Christian Democrats are currently running a leadership contest to determine who will be their next leader and revive the party’s fate after suffering its worst election result ever in September’s poll, after 16 years in power .

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