Scholz's Last Stand: A Pivotal Election for Germany's Future

Chancellor Olaf Scholz urges action on social benefits and tax reforms ahead of Germany's February snap election. Facing a conservative opposition surge, Scholz emphasizes balancing security with prosperity. Key issues include support for Ukraine, economic concerns, and the debt brake policy.

Chancellor Olaf Scholz has called for urgent legislative action on measures such as raising child benefit and adjusting tax thresholds in the lead-up to Germany's anticipated February snap election. Addressing parliament following his coalition's collapse, Scholz stressed this would prevent Germans from having to compromise between security and prosperity.

With political parties already gearing up for the election, pundits predict tough times ahead for Scholz, as polls indicate the conservative opposition, led by Friedrich Merz, may reclaim power. This political tumult comes as Germany battles economic contraction and concerns over trade tariffs and support for Ukraine.

In his Bundestag speech, Scholz underscored the importance of consensus on child benefits and fiscal policy. He warned against Ukraine aid affecting pensions or local care, suggesting a need to reconsider Germany's debt brake to fund international support. Despite low approval ratings, Scholz maintains backing from his Social Democrat leadership.

(With inputs from agencies.)