(L-R) German Finance Minister Joerg Kukies, Parliamentary State Secretary for Economic Affairs and Climate Action Michael Kellner and German Chancellor Olaf Scholz listen as opposition leader Friedrich Merz, also head of Germany's conservative Christian Democratic Union (CDU) party, gives a speech during a session on November 13, 2024 at the Bundestag (lower house of parliament) in Berlin, following the breakdown of Scholz' three-party coalition. Germany is headed for snap elections on February 23, the main parties agreed on November 12, aiming to form a stable government after Chancellor Olaf Scholz's three-party coalition collapsed on November 6, 2024. The agreement seeks to quickly restore political stability at a time when Europe's biggest economy is set to shrink for a second year in a row and amid heightened geopolitical volatility, with wars raging in Ukraine and the Middle East and president-elect Donald Trump readying to take power in the US in January 2025. (Photo by Tobias SCHWARZ / AFP) (Photo by TOBIAS SCHWARZ/AFP via Getty Images)