Olaf Scholz has now been welcomed in as Germany's new Chancellor, ending Angela Merkel's four-year tenure at the helm of Europe's largest economy.
Olaf Scholz is a German statesman who has been the country's Chancellor since December 8, 2021. He formerly worked as Vice of Germany for Angela Merkel and as Federal Minister of Finance from 2018 to 2021 as a part of the Social Democratic Party. He was the First Mayor of Hamburg from 2011 until 2018 and the SPD's vice chairman from 2009 to 2019. Scholz's national administration will be a traffic signal coalition of his SPD, the Greens, and the Free Democratic Party after the German national election in 2021.
Scholz was named Minister of Finance and Vice-Chancellor of Germany after the SPD joined Merkel's Fourth Merkel Government in 2018. He was chosen by the SPD as the chosen nominee for Chancellor of Germany in the 2021 national election in 2020. The party secured a majority of Bundestag seats and established a coalition with the Greens and the FDP. Scholz was nominated and invested in as Chancellor by the Bundestag on December 8, 2021.
