November 30, 2021, 19:34

    German parties to present coalition deal on Wednesday

    German parties to present coalition deal on Wednesday

    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

    Sourse: reuters.com

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