💨 Abstract

Germany's Social Democrats (SPD) have endorsed a coalition deal with the CDU/CSU conservatives, paving the way for Friedrich Merz to become chancellor. SPD member Lars Klingbeil has been nominated as finance minister. The new government aims to revive Europe's largest economy, invest in infrastructure, raise the minimum wage, and extend rent caps. The SPD secured key gains in the deal, despite criticism from their youth wing.

Courtesy: theprint.in

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