• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Money Profit News
No Result
View All Result
Home Breaking News

Olaf Scholz replaces Angela Merkel as a new center-left coalition is announced in Germany

by
November 24, 2021
in Breaking News
0
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Related Posts

U.S. court rejects J&J bankruptcy strategy for tens of thousands of talc lawsuits

U.S. FAA adopts new safeguards after computer outage halted flights

Stocks making the biggest moves midday: Carvana, Colgate-Palmolive, Tesla and more

Credit Suisse sees Apple beating the Street this week for a couple reasons

German Chancellor Angela Merkel (R) and German Minister of Finance Olaf Scholz attend a cabinet meeting at the German chancellery on August 19, 2020 in Berlin, Germany.

Pool | Getty Images News | Getty Images

A coalition deal has been announced in Germany after almost two months of talks following the country’s federal election in September.

Olaf Scholz, the center-left Social Democratic Party’s candidate, is set to be Germany’s next chancellor, replacing Angela Merkel who has led Germany for 16 years.

Christian Lindner, the head of the pro-business Free Democratic Party, is set to be the next finance minister, according to the deal which was announced Wednesday afternoon. The Green Party’s co-leaders, Annalena Baerbock and Robert Habeck, are poised to take on the roles of foreign minister and economy and climate minister, respectively.

Olaf Scholz waves on stage at the Social Democrats (SPD) headquarters after the estimates were broadcast in Berlin on September 26, 2021 after the German general elections.

ODD ANDERSEN | AFP | Getty Images

The draft coalition agreement covers a wide range of climate policies — including plans to adopt a climate protection program by the end of 2022, utilize all suitable roofs for solar energy and the intention to align an expansion of its power network with a new renewables target, Reuters reported, and also said immigrants shall be eligible to apply for German citizenship after five years in the country.

The new coalition said it would launch a parliamentary investigation into the Afghanistan evacuation operation. It also stated that Germany would stop funding renewable energy once its coal exit was achieved.

Germany will try to dedicate 2% of its land surface to wind power infrastructure and will continue to exclude nuclear power from its energy mix, a policy that deviates from the policy of its neighbor France.

The country will remain part of NATO’S nuclear-sharing agreement under the new government, the deal noted, and the Greens will have the right to nominate the country’s European commissioner if the EU Commission’s president is not from Germany, as is currently the case with Ursula von der Leyen.

The agreement is the result of weeks of coalition talks between the SPD, the Greens and the FDP, and will see them govern together in a three-way coalition for the first time.

The alliance has been described as a “traffic light” coalition in reference to the parties’ traditional colors.

The parties have vowed to modernize Germany, which is Europe’s largest economy, with a priority placed on the transformation into a greener, more digitalized economy, as well as infrastructure investment.

German businesses are anxious to see what this transformation means for them in reality, in terms of energy prices and business costs.

Outgoing leader Angela Merkel’s conservative alliance, the Christian Democratic Union and Christian Social Union, will now see itself go into opposition.

–This is a breaking news story, please check for further updates.

Next Post

New Home Sales at 745,000 Annual Rate in October

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

U.S. FAA adopts new safeguards after computer outage halted flights

by
January 30, 2023
0

American Airlines passengers wait to check into their flights at Hartsfield-Jackson Atlanta International Airport after the Federal Aviation Administration (FAA)...

Read more

U.S. FAA adopts new safeguards after computer outage halted flights

U.S. court rejects J&J bankruptcy strategy for tens of thousands of talc lawsuits

Credit Suisse sees Apple beating the Street this week for a couple reasons

Stocks making the biggest moves midday: Carvana, Colgate-Palmolive, Tesla and more

Ford and General Motors enter a new phase of uncertainty on prices and demand

Billionaire Gautam Adani Calls on India for Help to Save His Empire

Load More

All rights reserved by www.moneyprofitnews.com

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

moneyprofitnews