Three German parties reach coalition deal to end Merkel era

Reuters |
Published: 11.24.21, 18:31
German Social Democrat Olaf Scholz said on Wednesday he had reached a coalition deal to form a new government that will try to modernize Europe's largest economy and bring the curtain down on the Angela Merkel era.
Scholz's center-left Social Democrats (SPD), the ecologist Greens and the libertarian Free Democrats (FDP) want to accelerate the transition to a green economy and digitalization while maintaining fiscal discipline, according to a 177-page agreement.
The alliance - named a traffic light coalition after the three parties' respective colors - has a majority in the lower house of parliament and hopes the government will be sworn in early next month after the parties ratify the coalition pact.