Agreement made in Germany for the “traffic light” coalition between Social Democrats, Greens and Liberals of the Fdp. The three parties, entered into negotiations after the vote on 26 September, have reached an agreement and will present the coalition contract during a press conference scheduled for 3 pm on 24 November.
The agreement will then have to pass to the scrutiny of the members of the three acronyms: in the event of the go-ahead, it goes towards the first coalition of this kind at the federal level. The new executive interrupts the experience of “GroKo”, the great coalition between the CDU and the Social Democrats that ruled the country in the Merkel era. Olaf Scholz, her former finance minister and leader of the Social Democrats, will succeed her as chancellor.
The first details of the agreement
At the moment, not too many details have emerged from the negotiations, conducted behind closed doors, between the three parties. The search for an agreement had to pass through the mediation between the most decisive instances of the Greens on climate issues and the resistance of the Liberals, worried about the impact on business of an acceleration that is too sharp. According to a preliminary agreement in October, the contract would bring Germany’s exit date from coal-fired energy up to 2030, while the Liberals have obtained reassurance on the fiscal and financial front (no tax hike or increase of public debt).