Germany faces political instability as Scholz fires finance minister and coalition collapses

news.yahoo.com November 7, 2024, 12:01 PM UTC

Germany is facing political instability after Chancellor Olaf Scholz fired his finance minister, leading to the collapse of his coalition government. Scholz's coalition, which included the Social Democrats, Greens, and Free Democrats, struggled with budget disagreements.

Scholz will now lead a minority government with the Greens and seek support from opposition leader Friedrich Merz of the conservative CDU. He faces a confidence vote in January, which could trigger snap elections by March.

The coalition's collapse adds uncertainty for Europe, especially following Donald Trump's recent election victory in the U.S. Scholz has proposed increasing Germany's aid to Ukraine significantly, highlighting the need for decisive governance amid global challenges.

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