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International Business Times
International Business Times
Business
Femke COLBORNE

Uncertainty Looms For Germany After Scholz Coalition Collapses

The end of German Chancellor Olaf Scholz's fractious three-way coalition could not have come at a worse time for Europe's biggest economy (Credit: AFP)

Germany enters a period of political uncertainty Thursday after its fragile three-party ruling coalition collapsed on the same day Donald Trump won the US election.

Chancellor Olaf Scholz -- who announced a January confidence vote, likely followed by snap elections in March -- will seek to reassure his European partners at a summit in Budapest.

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