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Germany's Chancellor Olaf Scholz is under pressure to trigger a new election, after the coalition government collapsed on 6 November after Scholz fired his finance minister.
German opposition parties and business groups on Thursday urged Chancellor Olaf Scholz to trigger a new election quickly to minimise political uncertainty after his rocky three-way coalition collapsed.
The coalition fell apart on Wednesday when years of tensions culminated in a row over how to plug a multi-billion-euro hole in the budget and revive Europe's largest economy, headed for its second year of contraction.
The break-up creates a leadership vacuum at the heart of the European Union just as it seeks a united response to Tuesday's election of Donald Trump as U.S. president on issues ranging from possible new U.S. trade tariffs to Russia's war in Ukraine and the future of the U.S.-led NATO alliance.
The chancellor said he would hold a confidence vote in January, which he would probably lose, triggering a new election by the end of March - six months ahead of schedule.
Friedrich Merz, leader of the opposition conservatives, who are leading in nationwide polls, called for a vote of confidence "by the beginning of next week at the latest", in comments echoed by other opposition parties.
An election could take place in late January, he said.
"We simply cannot afford to have a government without a majority in Germany for several months now, followed by an election campaign for several more months and then possibly several weeks of coalition negotiations," Merz told reporters.
Scholz, of the centre-left Social Democrats (SPD), said he had fired his finance minister, Christian Lindner of the fiscally conservative Free Democrats (FDP), for obstructing a resolution of budget disputes.
The last straw was his opposition to Scholz's plan to ease debt limits in order to increase support for Ukraine in the 2025 budget by 3 billion euros ($3.25 billion).
Lindner's dismissal led to the FDP quitting the coalition, leaving Scholz's SPD and the Greens running a minority government and relying on cobbled-together majorities to pass any substantial measures in parliament.
A meeting between Scholz and Merz on Thursday failed to solve the impasse, a government source said.
Joerg Kukies, a top official in the chancellery and close SPD ally of Scholz, will be named finance minister.
The crisis comes at a critical juncture for Germany, with a flatlining economy, ageing infrastructure and an unprepared military. It is likely to deal another blow to consumption and investment in coming months even as Trump's return threatens to dampen exports, economists said.
The FDP's exit is likely to spell the departure of the government's transatlantic coordinator, who has spent months cultivating ties with senior U.S. Republicans in preparation for a possible Trump return to the White House.
But the crisis could also be a long-term blessing given the tensions that have plagued the coalition, the first of its kind at national level, said ING economist Carsten Brzeski.
"Elections and a new government could and should end the current paralysis of an entire country and offer new and clear policy guidance and certainty," he said.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
On July 4, Azerbaijani President Ilham Aliyev met with Turkish President Recep Tayyip Erdoğan in Khankendi, reaffirming the deep-rooted alliance between the two nations.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
France recorded over 100 drowning deaths in just one month — a 58% rise from last year — as unusually high temperatures drove more people to water, public health officials say.
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
Migration offset natural decline for the fourth consecutive year, pushing the European Union’s population to an historic high of 450.4 million in 2024, according to Eurostat figures released on Friday.
The global oil market may be tighter than headline supply-demand figures suggest, the International Energy Agency (IEA) said Friday, citing rising refinery activity and seasonal summer demand as key drivers of short-term market pressure.
China’s exports are expected to have grown 5% in June as manufacturers hurried goods abroad ahead of a 12 August deadline that could see the U.S. restore punitive tariffs, a Reuters survey of economists indicates.
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