CDU/CSU and SPD reach an agreement on new German government

The German parties CDU/CSU and SPD reached an agreement on Wednesday about a new coalition. Various German media report this. It is still unclear what the plans entail, the parties explain that on Wednesday afternoon at 3 p.m.

CDU/CSU leader Friedrich Merz succeeds Olaf Scholz (SPD) as Chancellor. Anyone who is in the new government as a minister is still unknown. Both Reuters and newspaper news agency Handelsblatt report that the Social Democrats deliver the Minister of Finance. Noun and foreign affairs would go to the Christian Democrats.

The parties have negotiated with each other since the Bundestag elections of 23 February. In addition, CDU/CSU became the largest with 29 percent of the votes, the SPD was the third largest party at 16 percent. Those were historically poor results for both parties. For the SPD it was even the worst election result ever.

During the negotiations, the parties, with the support of the Greens, already achieved an important result. A historic constitutional amendment was assumed to put an end to the reserved German debt policy, the so -called Debt. Due to the constitutional amendment, billions of investments in defense, infrastructure and climate measures have been made possible.

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