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.

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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.

German media are reporting that Chancellor Olaf Scholz is expected to ask for a vote of confidence in his government on Dec. 16.

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.

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

Germany's government coalition fell apart on Wednesday after Chancellor Olaf Scholz fired his finance minister.

The decision follows a budget fight that prompted Chancellor Olaf Scholz to fire his finance minister and announce a confidence vote that is widely expected to fail.

After the collapse of Chancellor Olaf Scholz’s governing coalition, the balloting will be held on Feb. 23, about seven months before it had been scheduled.

Speaking in the Bundestag, Chancellor Olaf Scholz asked the opposition for help to pass several items of legislation before the February election, but the conservative CDU is reluctant.