Nvidia unveils AI chips for video, software generation
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German Chancellor Olaf Scholz confirmed he will run for a second term in the upcoming snap elections after his Defence Minister, Boris Pistorius, ruled himself out. The decision brings some clarity, but leaves the SPD with its most unpopular chancellor in record time.
German Chancellor Olaf Scholz is set to run for a second term in the upcoming snap elections after his popular Defence Minister Boris Pistorius – a possible replacement – ruled himself out of the running on Thursday. The news provided some relief after weeks of uncertainty about whether Pistorius would step forward, with the elections just months away on 23rd February.
But it leaves the ruling Social Democrats (SPD) with Germany's most unpopular chancellor on record as their candidate at a time when the party is already trailing in third place behind the opposition conservatives and the far-right.
"I have just informed our party and parliamentary group leaders that I will not be standing as a candidate for the office of federal chancellor," Pistorius said in a video posted to SPD social media channels on Thursday evening. "This is my sovereign, personal and entirely personal decision."
Traditionally, the incumbent chancellor would always be in pole position to lead his or her party into the next election – former Chancellor Angela Merkel won four consecutive terms for the conservatives. But the stark difference in popularity between the diffident Scholz and Pistorius, Germany's most popular politician since he stepped onto the national stage as defence minister two years ago, had raised doubts about whether this was the best course of action.
Even within the SPD, a majority favoured Pistorius running for chancellor over Scholz, who earlier this month oversaw the collapse of his fractious three-way coalition over differences about how to revive the ailing economy.
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French President Emmanuel Macron has named Sebastien Lecornu as prime minister, maintaining his pro-business agenda amid ongoing political instability. Lecornu’s immediate challenge will be to build consensus on the 2026 budget.
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