Olaf Scholz to succeed Angela Merkel as German chancellor

[brooklynite]

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Source: Axios

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.

Scholz is viewed as a steady, experienced politician who is not expected to make radical changes to Germany's foreign policy.

Read more: https://www.axios.com/germany-coalition-olaf-scholz-313869b7-b0da-4ac8-94aa-c367ac9af4ed.html

[Omaha Steve]

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