BusinessPostCorner.com
No Result
View All Result
Sunday, July 19, 2026
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

German government agrees to February snap election—weeks after Trump’s inauguration—to restore political stability

November 12, 2024
in Business
Reading Time: 2 mins read
A A
0
German government agrees to February snap election—weeks after Trump’s inauguration—to restore political stability
ShareShareShareShareShare

Germany’s biggest political parties have agreed on a timetable leading to an early general election on February 23, a source in Chancellor Olaf Scholz’s Social Democrats (SPD) party said Tuesday.

The agreement was reached at a time Germany is mired in a deep political crisis, between the parliamentary groups of the centre-left SPD and the main conservative opposition CDU/CSU, the source told AFP.

The compromise deal comes days after Scholz’s three-way coalition collapsed with the withdrawal of the smallest party, the liberal and pro-business Free Democrats (FDP).

The political turmoil has hit as Europe’s biggest economy is set to shrink for a second year in a row and amid heightened geopolitical volatility, with wars raging in Ukraine and the Middle East.

The agreed election date would mean Germany will be in the middle of its campaign when Donald Trump is inaugurated as US president on January 20.

Scholz, who wants to run again, initially suggested an election in late March but came under pressure from the CDU as well as his own Greens coalition partners to speed up the process.

The CDU is riding high in opinion polls and its leader Friedrich Merz had been pushing for an election as early as possible.

A recent poll found that two-thirds of voters also wanted an election sooner rather than later.

The February date would force politicians to conduct their campaigns in the dark and cold of winter, when voters will be less enthusiastic to flock to outdoor events than during the usual campaign time in high summer.

The date will be officially determined after Scholz calls a confidence vote in the lower house of parliament, which under the new agreement would now have to be in December.

If, as expected, he loses the vote, President Frank-Walter Steinmeier will have 21 days to dissolve parliament, and elections will then have to be held within the next 60 days.

“People are very nervous and don’t know where the country is going,” CDU general secretary Carsten Linnemann told the ZDF broadcaster on Tuesday.

He added that once there was more clarity on the timetable, “things will calm down and we can go into the election campaign”.

Since the FDP’s withdrawal last week, Scholz’s centre-left SPD and the Greens have carried on in a minority government that has to seek opposition support to pass any laws.

The three ideologically diverse parties had been governing together since 2021, the first time that a tripartite coalition had been tried at a federal level in Germany.

But mounting differences over economic and fiscal policy came to a head last week when Scholz fired the rebellious FDP Finance Minister Christian Linder, prompting the party to leave the government.

Credit: Source link

ShareTweetSendPinShare
Previous Post

New marginal tax rates for 2025

Next Post

8 Noteworthy Examples of Corporate Social Media Policies

Next Post
8 Noteworthy Examples of Corporate Social Media Policies

8 Noteworthy Examples of Corporate Social Media Policies

CLARITY Act Senate Vote: Ethics Fight Dims Passage Odds

CLARITY Act Senate Vote: Ethics Fight Dims Passage Odds

July 13, 2026
Iran strikes Saudi Arabia for first time in months

Iran strikes Saudi Arabia for first time in months

July 18, 2026
NYC lawyers slam pied-a-terre tax as a ‘half-baked money grab’

NYC lawyers slam pied-a-terre tax as a ‘half-baked money grab’

July 13, 2026
XRP Price Could Double as Ripple Pushes Senate for Clarity Act

XRP Price Could Double as Ripple Pushes Senate for Clarity Act

July 17, 2026
Gallup CEO says colonizing Mars may be closer than fixing today’s ‘broken’ workplace

Gallup CEO says colonizing Mars may be closer than fixing today’s ‘broken’ workplace

July 14, 2026
Bitcoin Price Analysis: Democrats Target Trump Crypto Push

Bitcoin Price Analysis: Democrats Target Trump Crypto Push

July 12, 2026
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Nvidia and Apple get a cut of every baby’s ,000 Trump Account

Nvidia and Apple get a cut of every baby’s $1,000 Trump Account

July 19, 2026
How Maga fell hard for the gender binary

How Maga fell hard for the gender binary

July 19, 2026

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!