Traffic Light Alliance has committed to updating Germany completely.
BERLIN – Germany made a major step towards the formation of a new government Wednesday. The three parties involved in negotiations, the Social Democratic Party/SPD, the Green Party and Liberal Democratic Party/FDP, reached a preliminary agreement on an overall plan.
This document of 178 pages is the product of intense negotiations that took place in the weeks after September’s national elections. It contains some weed and outlines the positions of possible coalitions on everything, including minimum wages and armed drones.
For the Social Democratic Party or the Liberal Democratic Party, you will need a representative vote at the party congress. A member vote is needed for the Green Party.
If the deal is approved Olaf Schultz, from the Social Democratic Party, will be elected Chancellor by Bundestag in week two of December.
After 16 years of political stability under the leadership of Angela Merkel, the so-called Traffic Light Alliance (refer to the trio’s party colors) has pledged to fully renew Germany by investing heavily in infrastructure and cutting off the economy to shut down fossil fuels. Make the country more inclusive.
On the most important issues for people outside of Germany—whether it is Europe, transatlantic relations, or Germany’s position on Russia and China—the agreement shows that the world should expect more of the same. While the United States, NATO, and the European Union shine in this agreement, it is not enough for a country like Germany, which tends to be involved in different aspects of every issue in its foreign policies.
These are the main points of the agreement.
The alliance agreement has been completed, but it’s better to refer to it as an “aspiring document”.
The chancellor-designate Schultz called the agreement the cornerstone of a “decade of investment”, transforming Europe’s largest country into a socially democratic, green wonderlandAlthough this sounds impressive, it is not clear how they will finance it all. One of the promises is to restart Germany’s “debt brake” in 2023, the balanced budget law, which makes additional borrowing tricky. While the parties said they would rely on creative accounting and the support of KfW Bank (state-owned reconstruction lender), to gain more fiscal flexibility over the next few decades, it is unlikely that the alliance will have the resources necessary to meet its spending goals. Breach the bank
So, what happened to all the dances and songs? The alliance agreement can be viewed as a marketing prospectus for party leaders to use to sell the alliance base. Without their vote, there is no transaction.