German lawmakers officially pick Olaf Scholz, a left-leaning social democrat, to replace Angela Merkel as the country's Chancellor after 16 years
Scholz, the leader of the Social Democratic Party , won the secret vote in the Parliament as expected, a culmination of months of negotiations following the SPD's narrow victory in September's federal elections. Following the ceremonial protocols, Scholz went to see German President Frank-Walter Steinmeier who officially appointed him as the country's new Chancellor. He will be sworn in at the Parliament later on Wednesday.
He is seen as a moderate and centrist, which has made him somewhat of an outlier within his party."Scholz seems to partly owe his success [in the election] to posing as [Merkel's] worthy heir during the campaign, calm and unassuming -- and with his hands folded into a Merkel-style rhombus in a picture that went viral," Holger Schmieding, the chief economist at Berenberg Bank, wrote in an analyst note on Wednesday.
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