The parties of Germany to present the union agreement

Scholz’s SPD, the pro-business Liberal Democratic Party (FDP) will unveil their coalition agreement in Berlin at 3:00 p.m. local time (9:00 a.m. ET), the FDP said. in a statement earlier on Wednesday.

A final round of negotiations is expected on Wednesday, ahead of a press conference in the late afternoon.

Once the deal is announced, it will be passed on to members of the broader party for review.

This after a end of September election and two months of negotiations to form a new government.

A tripartite alliance is not a traditional partnership. FDPs are typically aligned with right center rather than left-leaning SPDs and Greens.

So far, a sticking point in the coalition’s negotiations has been funding the Greens’ ambitious climate plans, in which Liberal Democrats oppose tax increases.

A new government will spell the end of the Merkel era, and appointed his center-right Christian Democratic Union (CDU) and its sister party the Christian Social Union (CSU) to the opposition after 16 years in power.

The incoming prime minister will take the helm of Europe’s largest economy at a time of increasing diplomatic uncertainty in the European Union, with the bloc facing aggression from Russia and Belarusand threats to the rule of law from Poland and Hungary.