German parties reach deal for new govt: Scholz

  • According to 177-page agreement struck after two months of talks, the three parties want to accelerate public investment in green technology and digitalisation while returning to strict debt limits from 2023 onwards.
Social Democratic Party, SPD, chancellor candidate Olaf Scholz.(AP)
Social Democratic Party, SPD, chancellor candidate Olaf Scholz.(AP)
Updated on Nov 25, 2021 06:06 AM IST
Copy Link
Agencies | Byhindustantimes.com

German Chancellor-designate and Social Democrat Olaf Scholz said on Wednesday he had reached a deal with the Free Democrats and Greens to form a new coalition government that will bring the curtain down on the Angela Merkel era.

According to 177-page agreement struck after two months of talks, the three parties want to accelerate public investment in green technology and digitalisation while returning to strict debt limits from 2023 onwards.

The deal will install Germany’s first federal coalition between the Social Democrats (SPD), libertarian Free Democrats (FDP) and the ecologist Greens, and end 16 years of Merkel-led conservative government, marking a new era for relations with Europe and the rest of the world.

Scholz on Wednesday hailed his Social Democrats’ new so-called “traffic light” coalition that he said will modernise the country.

At a news conference, Scholz and other leaders gave some indications of how the coalition would govern.

Among the first measures agreed: compulsory vaccinations in places where particularly vulnerable people are cared for, with the option of expanding that rule. That comes as Germany is seeing a surge in cases, and the political transition has somewhat hampered the country’s response.

SHARE THIS ARTICLE ON
Topics
Close Story
SHARE
Story Saved
OPEN APP
×
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Monday, November 29, 2021