The German President is prepared to call for early elections following the collapse of the coalition.

German President Frank-Walter Steinmeier has stated that he is prepared to dissolve parliament and call for early elections following the collapse of Chancellor Olaf Scholz's coalition.

This was reported by DW.

"Our country requires a stable majority and a government capable of action. This will be my criterion," the Chancellor remarked.

He noted that the breakdown of the "traffic light" coalition, which includes the Social Democratic Party of Germany (Scholz's party), the Greens, and the Free Democratic Party, represents a political crisis that "must be left behind."

"Now is not the time for tactics and tricks, but for reason and responsibility," Steinmeier added.

Note.

According to German law, early elections are only possible in two scenarios. The only feasible option in this situation is the parliament's decision not to grant the government a vote of confidence.

In such a case, Steinmeier would be able to dissolve parliament within 21 days after the vote on the confidence motion.

As a reminder, on November 6, Scholz dismissed Germany’s Finance Minister Christian Lindner. The Chancellor explained his decision by stating that the minister "breached his trust." Consequently, the ruling coalition in Germany disbanded, as the Free Democratic Party, represented by Lindner, decided to exit.

Background. Previously, Mind reported that Germany is experiencing a massive capital outflow amid the political crisis. According to analysts, €650 billion has left the country in recent years, and the situation may worsen following a Trump victory.