Germany is set to hold snap elections on February 23 after an agreement was reached among parties in the country’s fractured parliament on Tuesday, according to reports from public broadcaster ARD.

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The date for the German federal election has been set for Feb. 23, earlier than Chancellor Olaf Scholz had originally proposed.

It’s a particularly bad time for Berlin to be experiencing political paralysis pending the formation of a new government.

Germany is set to hold fresh elections on February 23, eleven weeks after the collapse of Chancellor Olaf Scholz's governing coalition, with sources on Tuesday saying the Social Democrats, Greens and conservatives had reached a compromise on timing.

Germany's next federal election is expected to take place on February 23, 2025. The opposition has accused Chancellor Olaf Scholz of stalling, while others have been arguing that local authorities need time.