Chancellor Olaf Scholz has fired Finance Minister Christian Lindner due to increasing tensions within Germany's ruling coalition.

The decision comes after a series of unsuccessful meetings aimed at resolving disagreements over budget and economic policy.

The government spokesperson confirmed the dismissal, emphasizing the coalition's inability to reach a consensus.

It is reported that Lindner had suggested holding new elections in early 2025 and had shown willingness to support a caretaker government, but Scholz rejected this proposal.

The conflict escalated when Lindner presented an 18-page economic policy document that was seen as an ultimatum to the coalition partners, the SPD and the Greens.

In response, the SPD had previously outlined its own economic proposals, which included raising the minimum wage to 15 euros and providing incentives for companies investing in Germany.

The ongoing dispute raises concerns about the stability of the coalition and the future direction of Germany's economic policy.