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German Chancellor Scholz Calls Snap Election as Coalition Government Collapses

Olaf Scholz is looking to bring the general election forward to March from September.

Updated Nov 7, 2024, 11:13 a.m. Published Nov 7, 2024, 11:11 a.m.
Chancellor Olaf Scholz (Sean Gallup/Getty Images)
Chancellor Olaf Scholz (Sean Gallup/Getty Images)
  • German Chancellor Olaf Scholz called for a snap election after the collapse of his three-party coalition government.
  • Scholz wants a vote of confidence to occur by January to bring the federal election forward to March from September.

German Chancellor Olaf Scholz called for a snap election following the breakdown of his three-party ruling coalition, Bloomberg reported on Wednesday.

Scholz called for a confidence vote to occur in the European Union's largest economy by January with the aim of moving next year's federal parliamentary election to March from September.

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The decision came after Scholz, who is from the Social Democratic Party, dismissed Finance Minister Christian Lindner, the chairman of the Free Democratic Party (FDP) party, saying he refused a proposal that would suspend rules limiting government borrowing.

"Too often, the necessary compromises were drowned out by publicly staged disputes and loud ideological demands,” Scholz said in a statement, according to Bloomberg.

Read more: EU's Restrictive Stablecoin Rules Take Effect Soon and Issuers Are Running Out of Time

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