Germany is set to hold snap elections on February 23 after an agreement was reached among parties in the country’s fractured parliament on Tuesday, according to reports from public broadcaster ARD.

Parties agree 23 February vote after chancellor torpedoed the coalition government by sacking finance minister.

The date for the German federal election has been set for Feb. 23, earlier than Chancellor Olaf Scholz had originally proposed.

It’s a particularly bad time for Berlin to be experiencing political paralysis pending the formation of a new government.

Germany is set to hold fresh elections on February 23, eleven weeks after the collapse of Chancellor Olaf Scholz's governing coalition, with sources on Tuesday saying the Social Democrats, Greens and conservatives had reached a compromise on timing.

German conservative leader Friedrich Merz launched his election bid with a stinging attack on Chancellor Olaf Scholz, calling the Social Democrat a “lightweight” and accusing him of sowing division in Europe’s biggest economy.

Today, our Berlin correspondent explains why the EU’s biggest economy is heading for an early election, and we report on the political chaos around the final European commissioner hearings. Context: Scholz unravelled his coalition last week,

German Chancellor Olaf Scholz on Wednesday said he is "very happy" about the agreement reached by the country's main political parties to hold early elections on February 23. Speaking in the German parliament in Berlin,

Germany’s election campaign kicks into high gear today, with Chancellor Olaf Scholz making his case for another term in a public address. Bloomberg's Oliver Crook breaks down the situation and what to expect from Scholz.