Unique Crypto Strategies
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Unique Crypto Strategies

Politics

Germany poised to get new conservative chancellor Friedrich Merz

by April 30, 2025
April 30, 2025
Germany poised to get new conservative chancellor Friedrich Merz

A coalition deal in Germany has paved the way for conservative leader Friedrich Merz to become the country’s 10th chancellor since World War II. As part of the deal, outgoing Chancellor Olaf Scholz’s party, the Social Democrats (SPD), will join with Merz’s Christian Democratic Union (CDU).

Both parties in the agreement have ruled out governing with the far-right party Alternative for Germany (AfD).

CDU, along with its Bavarian sister party the Christian Social Union (CSU), won Germany’s elections in February after garnering 28.6% of the vote, according to Germany’s international broadcaster Deutsche Welle (DW). 

The AfD secured 20.8% of the vote. Meanwhile, Scholz’s SPD won just 16.4% of the vote, their worst result since World War II, according to the Associated Press (AP).

The coalition agreement was put to a vote among the SPD’s more than 358,000 members via an online ballot. More than half, 56%, of the party’s members voted on the deal, and of those who cast their ballots, 84.6% were in favor, the AP reported.

CDU/CSU and SPD are looking to invest in Germany’s infrastructure, raise the minimum wage to $17.01 per hour and to cap rents, according to Reuters, which cited the coalition contract.

The coalition deal gives SPD several major positions, including the finance, justice and defense ministries, according to the AP. In total, SPD was able to secure seven ministry positions, DW reported. 

Additionally, SPD leader Lars Klingbeil is set to become vice chancellor and finance minister — a key position as the country deals with the ramifications of President Donald Trump’s tariffs.

‘In these very difficult times in global politics, we bear responsibility for our security, for economic growth, secure jobs and equal opportunities,’ SPD General Secretary Matthias Miersch said, according to Reuters.

Merz celebrated SPD’s approval of the agreement in a post on X, which was translated by Reuters.

‘The broad approval of our coalition agreement shows that the political center is capable of taking action and assuming responsibility. This clears the way for a strong government that will finally solve our country’s problems,’ Merz wrote, according to a Reuters translation.
 

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
New Trump-linked consulting firm launches in DC to navigate crypto, AI : ‘Trust, connected voice’
next post
Charbone Hydrogen Announces 2024 Financial Results

You may also like

Trump blasts Biden’s DOJ: They tried to turn...

SCOTUS rules on nearly $2B in frozen USAID...

Trump pushes to ‘restore truth in American History,’...

Senate marches toward passing Trump’s $9B clawback bill...

Who could replace Elise Stefanik in House GOP...

Noem takes aim at Tim Walz for letting...

Straight woman’s job discrimination claim likely to prevail...

House GOP elections chair reveals which voter blocs...

FBI investigating rise in swatting incidents after several...

Thune threatens International Criminal Court with sanctions if...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Pentagon freezes out DC think tanks in new move, citing ‘America last’...

    • Pelosi confident about Dems’ chances to win House, predicts Jeffries will be speaker

    • House Freedom Caucus conservative to enter race for South Carolina governor

    • Homerun Resources Inc. Files for Approval of $3 Million Financing; Updates $6 Million Institutional Financing

    • Metals & Mining Virtual Investor Conference: Presentations Now Available for Online Viewing

    Categories

    • Business (560)
    • Investing (2,841)
    • Politics (4,493)
    • Uncategorized (1)
    • World (2,735)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: uniquecryptostrategies.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 uniquecryptostrategies.com | All Rights Reserved


    Back To Top