Political crisis deepens in Germany, will there be a call for mid-term elections after the trust vote?

Europe’s largest economy is engulfed in political turmoil. Scholz’s three-party coalition collapsed after months of infighting. Chancellor Olaf Scholz will almost certainly lose a vote of confidence in the German parliament. The last time a German Chancellor asked for a vote of confidence was almost 20 years ago. But on December 16, German leader Olaf Scholz will ask Bundestag members to vote on whether they still support him. Scholz is widely expected to lose the vote, causing German President Frank-Walter Steinmeier to dissolve parliament within three weeks, paving the way for a snap election as early as February 23.

The German government collapsed just hours after US President Donald Trump was elected to a second term, with Scholz firing German Finance Minister Christian Lindner in a stunning display of emotion that was put on display during a press conference. Since then, it has emerged that Lindner’s party had pre-planned to break the coalition, and despite its best efforts to call an early election in order to gain some popularity, there are concerns that the Liberals (FDP) will not do so. . Reach more than the 5% threshold required to enter Parliament.

Germany’s economy continues to stagnate as major companies such as Volkswagen, ThyssenKrupp and Bosch plan to eliminate thousands of jobs and markets, including electric vehicles, are moving towards Asian markets, amid a risk that political instability could depress the economy. Can do. Getting better. Funke says that political parties are feeling the pressure. Given the severe crisis in the automotive and steel industries as well as among suppliers, with growth prospects exceptionally low compared to other countries, there is significant pressure to implement some measures before the elections in two and a half months.