German President: I am prepared to call new elections
German President Frank-Walter Steinmeier gives a statement, after German Chancellor Scholz sacked Finance Minister Christian Lindner following a meeting with the heads of the so-called "Traffic Light Coalition" between the Social Democratic party SPD, the
BERLIN (Reuters) - Germany's President Frank-Walter Steinmeier said on Thursday he was prepared to dissolve parliament and clear the way for new elections following the collapse of Chancellor Olaf Scholz's three-way coalition, warning all parties to act responsibly.
Scholz said he would submit to a confidence vote in parliament after the departure of Finance Minister Christian Lindner's Free Democrats left his government without a legislative majority. Only after a lost confidence vote does Steinmeier have the power to call new elections.
"Now is not the time for tactics and trickery, but for reason and responsibility," Steinmeier told the news conference.
(Reporting by Thomas Escritt; editing by Matthias Williams)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Australian shares slump to two-month low as miners fall
- China, India arranging meeting for Xi, Modi, China's foreign ministry says
- Zara owner Inditex looks to US for next phase of growth
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share