BERLIN, Nov 24 (Reuters) – The leaders of three German parties will present their deal to form a coalition government on Wednesday that will see Social Democrat Olaf Scholz replace conservative Angela Merkel as chancellor, according to an invitation distributed by the SPD.
The news conference scheduled at 3 p.m. local time (1400 GMT) will follow a final round of talks between the centre-left Social Democrats (SPD), the ecologist Greens and the libertarian Free Democrats (FDP), the SPD said in the invitation.
The deal between the three parties will install the first three-way federal coalition government in Germany since the 1950s and oust Merkel's conservatives after 16 years in power.
The three-way alliance – named a traffic light coalition after the parties' respective colours – has pledged to modernize Europe's largest economy by upgrading its infrastructure and accelerating measures to protect the climate.
Register now for FREE unlimited access to reuters.comRegisterReporting by Holger Hansen; Writing by Maria Sheahan, editing by Emma Thomasson