Germany's next federal election is expected to take place on February 23, 2025. The opposition has accused Chancellor Olaf Scholz of stalling, while others have been arguing that local authorities need time.

Bloomberg has learned that Olaf Scholz's social Democrats and opposition lawmakers reached an agreement finally told in the federal election on February 23rd. For more, let's bring in Bloomberg's Oliver Crook in Berlin.

German Chancellor Olaf Scholz’s Social Democrats and opposition lawmakers reached an agreement to hold an early election in February, according to government officials familiar with the talks.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion,

Lawmakers, as well as representatives of the three leading German political parties, have decided on the date of the early federal election. The new date was a compromise between center-left Chancellor Olaf Scholz and conservative opposition leader Friedrich Merz,

Opposition parties wanted a vote as early as January, warning Germany risked being left rudderless at a time of economic crisis and as Donald Trump's U.S. election victory poses new diplomatic challenges.