Olaf Scholz has lost a vote of confidence in his leadership and Germany now faces its first election of the truly post-Angela Merkel era.

German Chancellor Olaf Scholz has dismissed an assertion by Elon Musk that only a far-right party can “save Germany.”

Chancellor Olaf Scholz has lost a confidence vote in the German parliament, putting the European Union’s most populous member and biggest economy on course to hold an early election in February.

Germany is a center of global innovation. Its engineering prowess is second to none. Companies like Siemens, BMW, Bosch, and SAP have a commitment to technical innovation that has put them at the forefront of the global economy for over fifty years.

Polls suggest that a February election will result in a rightward shift, at a moment when Europe’s largest economy is faltering.

German Chancellor Olaf Scholz had hoped for this outcome when he called for the confidence vote, analysts say. His aim: to win fresh elections in February and come back with a stronger mandate.

Germany is expected to hold a snap election in February next year. Political turmoil at the heart of Europe is also taking place in France.

Olaf Scholz is out, but it is unclear if that is enough to save Germany's economic position. Business needs to reinvent itself to catchup with China and the USA.

Europe’s largest economy and normally a pillar of stability is facing snap elections next year after Chancellor Olaf Scholz lost a vote of confidence.

Chancellor Olaf Scholz of Germany called for the confidence vote after his three-party coalition broke up. Lawmakers voted to dissolve the existing government by a vote of 394 to 207, with 116 abstaining.

The majority of G7 governments are now so burdened with domestic political problems that they are incapable of steering their own countries — let alone the free world.