RSS German's Chancellor Scholz lost no-confidence vote. Paves way for snap election

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 RSS German's Chancellor Scholz lost no-confidence vote. Paves way for snap election

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Election is likely to occur on February 23, 2025.

Polls have CDU in the lead. Scholz's SPD party hopes to use the time to change the sentiment.


  • The vote passed 394-207 with 116 abstentions


  • Impact on Europe:
    • Deepens a leadership crisis amid ongoing economic and security challenges.
    • Key issues include:
      • The war in Ukraine and tensions with Russia, particularly nuclear threats.
      • Europe’s uncertain economic relationship with China.
    • The leadership vacuum aligns with the upcoming inauguration of Donald J. Trump in the United States, increasing global uncertainty.
This article was written by Greg Michalowski at www.forexlive.com.
 
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