Germany appoints Merkel's successor 2
At a press conference in Berlin today, Scholz recalled that when the first traffic light was erected at the capital’s Potsdamer Platz intersection in 1924, many people questioned whether it was effective or not.
`Today, traffic lights are indispensable to regulate things clearly, give correct direction and ensure everyone moves forward safely and smoothly. My ambition as prime minister is
SPD Party leader Olaf Scholz spoke in Berlin, Germany on November 17.
Olaf Scholz’s Social Democratic Party (SPD) along with the Green Party and the Free Democratic Party announced a coalition agreement and management of the country for the next 4 years.
The Green Party will lead the ministries of foreign affairs, economy and climate protection, as well as the ministries of family, environment and agriculture.
The SPD, Green Party and FDP said the upcoming government will spend one billion euros ($1.12 billion) as bonuses for frontline medical workers fighting Covid-19, as well as establish a crisis management team to
The three parties would legalize recreational marijuana use, but only allow distribution in licensed stores.
The three parties have begun negotiations since the September 26 election.
Scholz, 63, was born in Osnabruck in the state of Lower Saxony and grew up in the wealthy city of Hamburg, where he served as mayor.
Mr. Scholz is expected to be sworn into office early next month.
The new government marks the end of 16 years of Germany under Merkel’s leadership, and opens a new era for both the country and Europe.
`The new government will essentially be a continuation, not a change,` said Holger Schmieding, chief economist at Berenberg Bank.
