Germany confirms Olaf Scholz as new Federal Chancellor |  News

The German Finance Minister, Olaf Scholz, will be the new Federal Chancellor of the country after closing an agreement on Wednesday to form a new coalition of social democrats, environmentalists and liberals, according to local and international media.

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Scholz is a member of the Social Democratic Party (SPD) and also serves as Federal Vice Chancellor. He will shortly replace Chancellor Angela Merkel, who was in office for 16 years.

“We want to dare to make more progress,” Scholz said at a press conference. “We will invest massively in Germany to keep it at the forefront,” he added.



Olaf, 63, was born in the former Federal Republic of Germany (FRG) and served as Minister for Labor and Social Affairs in Merkel’s first Coalition Government in the late 2000s. In addition, he was Mayor of Hamburg in 2011, a position he held with high levels of support until 2018.

The coalition agreement grants the SDP six of the 15 ministries, in addition to the federal chancellor, while the FDP receives the Ministries of Finance and Transport, among others.

For their part, the Greens get the new Ministry of Economy and Climate Protection, in addition to the Ministry of Foreign Affairs. Scholz will be replaced by Green Robert Habeck, who will also head the ministry. The Ministry of Foreign Affairs will be headed by Annalena Baerbock.

In the meantime. The FDP will prevail in the finance ministry, as party head Christian Linder will lead it. Other ministerial positions are not yet clear.



Last September, the SPD obtained 25.7 percent of the votes in the elections, ahead of the conservative Christian-Democratic Union (CDU-CSU) alliance, which obtained 24.1 percent, the worst figures. that they have obtained in 70 years. To form a coalition they needed the Greens and the Liberals.

After the elections, the parties had ruled out the possibility of forming a joint coalition as in the previous elections. In Germany, the election of the head of government is the prerogative of the deputies once the majority is formed.

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