"Today, the traffic light is indispensable when it comes to regulating things clearly, giving the right orientation, and ensuring that everyone moves forward safely and smoothly," Scholz said during a press conference held in Germany’s capital Berlin.
The declaration has been presented in a 177-page document in which the parties have vowed to hasten the transition to a green economy, digitalization, and established principles of their fiscal policy. They have also revealed that Germany will support NATO’s nuclear sharing agreement despite growing tensions of the union with Russia.
Besides, the coalition has unveiled plans to form a new government at the beginning of December after the parties ratify the coalition pact.
After the SPD was declared victorious at the 2021 German federal election, skeptics expressed doubts that Scholz would be able to quickly form a new coalition with ideologically different parties but it took him less than two months to come to an agreement.
Taking 59 days, the Traffic Light coalition was relatively fast to form considering it is formed from three centre left and right parties.