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German opposition leader Friedrich Merz has called for Chancellor Olaf Scholz to face a vote of confidence by early next week, potentially leading to new elections as soon as mid-January. This demand follows Scholz's decision to end his coalition with the Greens and the Free Democrats after dismissing FDP Finance Minister Christian Lindner.
UBS has maintained a "Neutral" rating on Qiagen with a target price of 50 euros, following the company's quarterly report that showed strong organic sales growth in diagnostics. However, concerns linger over a slower recovery in the biopharma sector and doubts about Qiagen's ability to match competitors' growth rates.In other news, Hedy Lamarr, celebrated for her Hollywood career, is also recognized for her contributions to technology, particularly in Wi-Fi and Bluetooth. Meanwhile, Rainer Mellis has resigned as CEO of Volksbank Düsseldorf Neuss amid a fraud case, and Australia is advancing legislation to restrict social media access for those under 16.
Chancellor Olaf Scholz has dismissed Finance Minister Christian Lindner, marking the collapse of the traffic light coalition in Germany. Scholz criticized Lindner for engaging in "petty party-political tactics" and breaking his trust, while Lindner countered that Scholz has failed to recognize the need for an economic turnaround, leading the country into uncertainty. Scholz now seeks collaboration with opposition leader Friedrich Merz to address urgent economic and defense issues.
Germany's coalition government faces a crisis as FDP leader Christian Lindner demands a fundamental policy shift, which the SPD and Greens reject. A coalition committee meeting is scheduled for Wednesday to address the escalating tensions, with potential implications for future elections and government stability. If the FDP exits, Chancellor Scholz may have to consider a minority government or early elections.
Chancellor Olaf Scholz's coalition faces rising tensions as the FDP debates its future amid poor polling and pressure to assert its agenda. With the economy contracting, Finance Minister Christian Lindner warns of a potential coalition breakdown, emphasizing the need for decisive action on the 2025 budget. The upcoming budgetary committee meeting on Nov. 14 will be crucial for the coalition's stability, as internal trust erodes and calls for snap elections grow louder.
Friedrich Merz
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opposition leader calls for confidence vote amid government turmoil in germany
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