The three parties that are talking about a new coalition in Germany will present their coalition agreement this afternoon. The Social Democratic SPD, the Greens and the liberal FDP will hold a press conference at 3 p.m. to explain the plans.
The deal means SPD leader Scholz is likely to become the new chancellor; the Bundestag will vote on it. He thus becomes the successor to Angela Merkel (CDU), who has called it quits after sixteen years. Her party suffered a significant loss in the elections at the end of September, Merkel had already indicated that she did not want to run again.
Formal negotiations on a new coalition agreement began on October 21. At the beginning of October, the chairman of the SPD already expected that a new government would be in place before December.
The deal still needs to be approved by the members of the parties.
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