Germany's pro-business Free Democrats (FDP) on Sunday voted on Sunday to back coalition agreement with the Social Democrats and the Greens. This has paved way for three-way alliance. The government formation is expected to take place next week.

The coalition forged this time is first of a kind at the federal level. Free Democrat, environmentalist Green Party and Olaf Scholz's centre-left Social Democratic Party are forming the government.

Urging his FDP to back the deal, party leader Christian Lindner said the coalition agreement would bring about a "new departure in Germany".

Also Read | <a href="https://www.wionews.com/world/omicron-scare-germany-gets-tough-on-unvaccinated-imposes-restrictions-433591">Omicron scare: Germany gets tough on unvaccinated, imposes restrictions</a>

"Germany is waiting for this new departure," stressed Lindner, who is poised to become finance minister.

The SPD has already approved the agreement on Saturday. The Greens are due to announce the outcome of a member survey on the deal on Monday. The three parties are hoping that Germany's lower house of the parliament, the Bundestag will vote Olaf Scholz as next chancellor of the country.

The "traffic light" alliance, named after the parties'respective colours, will usher in a new era of relations with Europe, and plans to speed up digitalisation of the continents biggest economy and put a focus on fighting climate change.

Under their roadmap for Germany, the three parties want to bring forward an end to coal to 2030 from 2038. They also plan to put 15 million electric cars on the road by 2030, and ramp up the building of new homes to keep housing costs affordable.&nbsp;

(With inputs from agencies)

Germany's pro-business Free Democrats (FDP) on Sunday voted on Sunday to back coalition agreement with the Social Democrats and the Greens. This has paved way for three-way alliance.

Germany's pro-business Free Democrats (FDP) on Sunday voted on Sunday to back coalition agreement with the Social Democrats and the Greens. This has paved way for three-way alliance. The government formation is expected to take place next week. The coalition forged this time is first of a kind at the federal level. Free Democrat, environmentalist Green Party and Olaf Scholz's centre-left Social Democratic Party are forming the government. Urging his FDP to back the deal, party leader Christian Lindner said the coalition agreement would bring about a "new departure in Germany". Also Read | Omicron scare: Germany gets tough on unvaccinated, imposes restrictions "Germany is waiting for this new departure," stressed Lindner, who is poised to become finance minister. The SPD has already approved the agreement on Saturday. The Greens are due to announce the outcome of a member survey on the deal on Monday. The three parties are hoping that Germany's lower house of the parliament, the Bundestag will vote Olaf Scholz as next chancellor of the country. The "traffic light" alliance, named after the parties'respective colours, will usher in a new era of relations with Europe, and plans to speed up digitalisation of the continents biggest economy and put a focus on fighting climate change. Under their roadmap for Germany, the three parties want to bring forward an end to coal to 2030 from 2038. They also plan to put 15 million electric cars on the road by 2030, and ramp up the building of new homes to keep housing costs affordable. (With inputs from agencies)

Germany: Free Democrats back coalition agreement

Germany&#39;s next finance minister should be politically independent of Chancellor Angela&nbsp;Merkel, the leader of the Free Democrats (FDP) said on Tuesday, rebuffing calls to keep the ministry in conservative hands.

Merkel&#39;s conservatives are poised to begin tricky three-way coalition talks with the pro-business FDP and the environmentalist Greens following an election last month in which her party suffered a sharp drop in support.

Wolfgang Schaeuble, a veteran member of&nbsp;Merkel&#39;s Christian Democratic Union (CDU), is giving up the finance ministry after eight years to become president of the Bundestag lower house of parliament.

He has been temporarily replaced by&nbsp;Merkel&nbsp;ally Peter Altmaier. But FDP leader Christian Lindner said the CDU should relinquish the post in a new government, rebuffing Volker Kauder, a senior Merkel&nbsp;ally, who said last week that the party should keep control of the ministry in order to safeguard Schaeuble&#39;s legacy.

&quot;I think the Chancellery and the finance ministry should be politically separate,&quot; Lindner told the Frankfurter Allgemeine Zeitung. &quot;A Green, a CSU or an FDP finance minister - anything would be better than leaving the finance ministry in CDU hands.&quot;

Lindner was coy about whether he might do the job himself. The expectation is that the FDP will claim the ministry, but senior members of the party say, Lindner, who indicated during the election campaign that he might prefer to stay outside the cabinet, has not made up his mind yet.

In the interview, Lindner reiterated hardline FDP positions on Europe that appeared in the party&#39;s election programme, including calls for an insolvency mechanism for the eurozone and treaty changes to allow countries to exit the euro.

Lindner also voiced opposition to the idea of turning the euro zone&#39;s rescue mechanism, the ESM, into a more powerful European Monetary Fund, an idea supported by Schaeuble,&nbsp;Merkel&nbsp;and French President Emmanuel Macron.

&quot;In a monetary union where the deficit rules of Maastricht are respected, there is no need for permanent rescue funds,&quot; Lindner said.

He came out against a common deposit insurance scheme for European banks and warnedMerkel&nbsp;and Altmaier against doing deals in Brussels before a new coalition government is in place.

&quot;Germany is not currently in a position to take decisions,&quot; Lindner said. &quot;For me, it is completely out of the question that a finance minister who is only there in an acting capacity negotiates in Brussels as if nothing has happened. No decisions can be taken without achieving a new political legitimacy.&quot;

The leader of Free Democrats Party said the next finance minister of Germany should be politically independent of Chancellor Angella Merkel

Germany's next finance minister should be politically independent of Chancellor Angela Merkel, the leader of the Free Democrats (FDP) said on Tuesday, rebuffing calls to keep the ministry in conservative hands. Merkel's conservatives are poised to begin tricky three-way coalition talks with the pro-business FDP and the environmentalist Greens following an election last month in which her party suffered a sharp drop in support. Wolfgang Schaeuble, a veteran member of Merkel's Christian Democratic Union (CDU), is giving up the finance ministry after eight years to become president of the Bundestag lower house of parliament. He has been temporarily replaced by Merkel ally Peter Altmaier. But FDP leader Christian Lindner said the CDU should relinquish the post in a new government, rebuffing Volker Kauder, a senior Merkel ally, who said last week that the party should keep control of the ministry in order to safeguard Schaeuble's legacy. "I think the Chancellery and the finance ministry should be politically separate," Lindner told the Frankfurter Allgemeine Zeitung. "A Green, a CSU or an FDP finance minister - anything would be better than leaving the finance ministry in CDU hands." Lindner was coy about whether he might do the job himself. The expectation is that the FDP will claim the ministry, but senior members of the party say, Lindner, who indicated during the election campaign that he might prefer to stay outside the cabinet, has not made up his mind yet. In the interview, Lindner reiterated hardline FDP positions on Europe that appeared in the party's election programme, including calls for an insolvency mechanism for the eurozone and treaty changes to allow countries to exit the euro. Lindner also voiced opposition to the idea of turning the euro zone's rescue mechanism, the ESM, into a more powerful European Monetary Fund, an idea supported by Schaeuble, Merkel and French President Emmanuel Macron. "In a monetary union where the deficit rules of Maastricht are respected, there is no need for permanent rescue funds," Lindner said. He came out against a common deposit insurance scheme for European banks and warnedMerkel and Altmaier against doing deals in Brussels before a new coalition government is in place. "Germany is not currently in a position to take decisions," Lindner said. "For me, it is completely out of the question that a finance minister who is only there in an acting capacity negotiates in Brussels as if nothing has happened. No decisions can be taken without achieving a new political legitimacy."

Merkel's CDU must relinquish finance ministry: FDP leader

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Germany: Free Democrats back coalition agreement

Merkel's CDU must relinquish finance ministry: FDP leader