The Japan Times - Germany's Scholz says ready to hold confidence vote this year

EUR -
AED 4.099809
AFN 72.553589
ALL 90.353827
AMD 402.315278
ANG 1.997773
AOA 1024.678639
ARS 1725.279987
AUD 1.626075
AWG 2.009175
AZN 1.90106
BAM 1.946164
BBD 2.248268
BDT 139.173997
BGN 1.950943
BHD 0.420978
BIF 3359.786362
BMD 1.116208
BND 1.427066
BOB 13.238627
BRL 6.235257
BSD 1.116298
BTN 104.906963
BWP 15.314377
BYN 3.342325
BYR 21877.678637
BZD 2.245034
CAD 1.583922
CDF 2584.022076
CHF 0.921429
CLF 0.02791
CLP 1098.449375
CNY 7.445498
CNH 7.453385
COP 3691.143897
CRC 504.91124
CUC 1.116208
CUP 26.790348
CVE 110.755734
CZK 24.346618
DJF 198.372112
DKK 7.475407
DOP 67.775229
DZD 152.376104
EGP 59.51856
ERN 16.743121
ETB 181.685426
FJD 2.523133
FKP 0.831748
GBP 0.83659
GEL 2.891137
GGP 0.831748
GHS 13.070484
GIP 0.831748
GMD 82.599835
GNF 9895.184976
GTQ 8.529841
GYD 233.901835
HKD 8.756965
HNL 30.005428
HRK 7.555624
HTG 146.318779
HUF 364.37831
IDR 20177.69371
ILS 3.552835
IMP 0.831748
INR 104.600963
IQD 1692.236051
IRR 2127576.342113
ISK 136.623451
JEP 0.831748
JMD 177.166727
JOD 0.791414
JPY 177.252707
KES 144.996187
KGS 97.612181
KHR 4554.129257
KMF 490.01522
KPW 1004.587241
KRW 1499.123185
KWD 0.347219
KYD 0.930207
KZT 498.369022
LAK 25125.926583
LBP 99960.545191
LKR 370.981394
LRD 189.75448
LSL 18.30025
LTL 3.295872
LVL 0.675183
LYD 7.155633
MAD 10.889075
MDL 20.058948
MGA 5064.988765
MKD 61.531389
MMK 2343.698252
MNT 4019.967714
MOP 9.01908
MRU 45.039279
MUR 52.372472
MVR 17.200606
MWK 1935.641679
MXN 20.792504
MYR 4.526222
MZN 71.337049
NAD 18.300087
NGN 1504.770995
NIO 41.077525
NOK 10.613019
NPR 167.852637
NZD 1.992482
OMR 0.429182
PAB 1.116288
PEN 3.804348
PGK 5.013311
PHP 70.522583
PKR 308.724149
PLN 4.396091
PYG 6891.033377
QAR 4.069088
RON 5.343511
RSD 117.59587
RUB 92.840226
RWF 1651.544568
SAR 4.197407
SBD 9.03827
SCR 15.657695
SDG 671.39831
SEK 11.025898
SGD 1.431045
SHP 0.830543
SLE 25.617128
SLL 23406.33053
SOS 637.94692
SRD 41.909123
STD 23103.253925
STN 24.379829
SVC 9.767853
SYP 14512.937283
SZL 18.305524
THB 37.543645
TJS 10.258223
TMT 3.91789
TND 3.326827
TOP 2.687561
TRY 56.069925
TTD 7.570683
TWD 36.83118
TZS 2950.338985
UAH 50.772166
UGX 4554.44864
USD 1.116208
UYU 45.166761
UZS 13366.93336
VES 1001.439856
VND 28574.9272
VUV 133.946208
WST 3.103174
XAF 655.957
XAG 0.021666
XAU 0.000276912872
XCD 3.016608
XCG 2.011766
XDR 0.789217
XOF 655.957
XPF 119.331742
YER 263.985148
ZAR 18.456834
ZMK 10047.217754
ZMW 22.743386
ZWL 359.418551
SSP 6413.524713
MXV 2.336848
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Germany's Scholz says ready to hold confidence vote this year
Germany's Scholz says ready to hold confidence vote this year / Photo: Ferenc ISZA - AFP

Germany's Scholz says ready to hold confidence vote this year

Germany's embattled Chancellor Olaf Scholz said Sunday he would be ready to ask for a confidence vote this year to pave the way for snap elections.

Text size:

Scholz, whose coalition collapsed on Wednesday, said that "asking for the vote of confidence before Christmas, if all sides agree, is no problem at all for me".

Previously, he had spoken of a mid-January confidence vote which under German election rules could lead to a late-March election -- half a year earlier than previously scheduled.

"I also want that it happens quickly," the centre-left leader told public broadcaster ARD, referring to a return to the ballot boxes.

"I am not glued to my post," added Scholz, who has been the leader of Europe's biggest economy for almost three years.

The coalition crisis, rooted in differences over economic and fiscal policy, came to a head late Wednesday when Scholz sacked his rebellious finance minister Christian Lindner of the Free Democrats.

That reduced the unruly three-party coalition government to two parties -- Scholz's Social Democrats and the Greens.

Scholz's political rivals have threatened to block his minority government from passing laws unless he immediately seeks a confidence vote, suggesting he do so next Wednesday.

The chancellor said his party's parliamentary leader Rolf Muetzenich should hold talks on the timing of the confidence vote with the head of the conservative opposition CDU, Friedrich Merz.

He did however caution that all necessary technical preparations had to be in place to allow for a speedy new election.

After the confidence vote, which Scholz is expected to lose, President Frank-Walter Steinmeier will have 21 days to dissolve the Bundestag, and new elections will then have to be held within 60 days.

- 'Great differences' -

Germany's political crisis erupted just as Donald Trump won the White House race with as yet unknown consequences for transatlantic relations and trade, and for the wars in Ukraine and the Middle East.

Scholz, who said he would run again as his party's top candidate, said Germany needed a stable new government, legitimised by a new mandate, as soon as possible.

In the election campaign ahead, he said he would point to the "great differences" between his Social Democrats, the traditional workers party, and the centre-right CDU of former chancellor Angela Merkel.

Asked what would be the key differences between him and Merz, a millionaire former corporate lawyer, he replied: "I think I'm a little bit cooler when it comes to matters of state."

According to a poll published in the Bild am Sonntag newspaper conducted by the Insa institute, the CDU and their Bavarian allies the CSU lead at 32 percent.

They are followed by the far-right Alternative for Germany at 19 percent, although all other parties have vowed not to cooperate with the anti-immigration party.

Scholz's Social Democrat is polling at third place with 15 percent, the Greens with 10 percent and the Free Democrats at four percent, one point below the threshold to remain in parliament.

Scholz also rejected charges by his sacked finance minister that he had, in the end, engineered the dramatic coalition breakup.

"I did not provoke it," he told ARD.

K.Yamaguchi--JT