Explainer-What has to happen before Germany’s new chancellor takes power?

World33 minutes ago (Nov 25, 2021 06:55AM ET)

2/2
(C) Reuters. FILE PHOTO: Social Democratic Party (SPD) top candidate for chancellor Olaf Scholz delivers a statement after a final round of coalition talks to form a new government, in Berlin, Germany, November 24, 2021. REUTERS/Fabrizio Bensch/File Photo

2/2

BERLIN (Reuters) – Three parties in Germany have struck a deal to form a new coalition government that will see Social Democrat Olaf Scholz replace conservative Angela Merkel as chancellor.

However, it will still take some time for a handover of power. Below is an overview of what happens next:

WHAT HAS ALREADY BEEN AGREED AND BY WHOM?

The Social Democrats (SPD), ecologist Greens and pro-business Free Democrats (FDP) unveiled a vision of how to push through a green transition in Europe’s biggest economy, speed up digitalisation and bring in some liberal social policies.

The leadership teams presented the 177-page document on Wednesday after the agreement was hammered out by working groups in the last few weeks.

WHEN IS THE DEAL FINALISED?

All three parties have to ratify the deal. This is essentially a formality, as it is highly unlikely that members and delegates will reject it.

SPD delegates are due to vote on it at an extraordinary party conference on Dec. 4.

The FDP plans to vote on it on Dec. 5.

The Greens are consulting their 125,000 members on the deal in a digital or postal voting process that will take 10 days.

WHAT ABOUT CABINET POSTS?

So far, only these posts are clear:

The SPD’S Scholz will be chancellor

Greens Co-leader Robert Habeck will be vice-chancellor and lead a beefed-up economy ministry with responsibility for climate policy

FDP leader Christian Lindner will be finance minister

Remaining ministers are still to be named but the coalition deal states that the SPD will control a further seven cabinet posts, the Greens four more and the FDP a further three.

WHEN WILL GERMANY GET ITS NEW CHANCELLOR?

Scholz is expected to be voted in as chancellor by the Bundestag during the week of Dec. 6, some 10 weeks after the federal election.

This would mean Merkel falling just short of the record number of days in office held by Helmut Kohl of 5,870 days.

Explainer-What has to happen before Germany’s new chancellor takes power?

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

About the author

Related