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What We're Watching: Germany's next government taking shape

Germany's Social Democratic Party (SPD) candidate for chancellor Olaf Scholz delivers a statement in Berlin, Germany, November 17, 2021.

Who's going to run Germany? With coalition negotiations now reportedly in the home stretch, we could know what the next German government looks like as soon as Monday or Tuesday. Following elections that were held back in September, the center-left SPD, headed by Chancellor-in-waiting Olaf Scholz, has been hammering together a three-way coalition with the progressive Greens and the fiscal hawks of the Free Democrats Party. One big question mark is whether the spendthrift Greens or the tighter-pursestrings FDP will get the powerful finance ministry portfolio. Meanwhile, Green Party leader Annalena Baerbock is expected to become Germany's first female foreign minister, part of Scholz's larger pledge to ensure that the cabinet is split 50:50 between men and women.

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South Korean President Lee Jae Myung leaves after giving a speech on the Government's first supplemetary budget bill of 2026 at the National Assembly in Seoul, South Korea, 02 April 2026.
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