Olaf Scholz will become the next chancellor of Germany after his center-left Social Democratic Party (SPD) finalized a deal with the Greens and the pro-business Free Democrats (FDP) on Wednesday to form a new governing coalition.
Why it matters: Scholz, who serves as finance minister and vice chancellor in the current coalition, will lead Europe’s largest economy into the post-Merkel era.
The big picture: The announcement comes three months after the SPD won an astonishing comeback victory in Germany’s elections, narrowly defeating the conservative bloc that had led the government for 16 years under Angela Merkel.
Zoom in: While Scholz has long been expected to be the next chancellor — he accompanied Merkel in her meetings with foreign leaders at the G20 last month — the various portfolios in the coalition of strange bedfellows were only revealed on Wednesday.
Angela Merkel German Chancellor Angela Merkel on Thursday announced large parts of public life will be limited for the unvaccinated. Merkel said hospitals are overwhelmed with Covid patients because...