Coalition negotiations between Germany's Social Democratic Party (SPD), the Greens and the Free Democratic Party (FDP) are finished as the three parties presented an agreement on Wednesday.
It was a coalition "at eye level, with three partners contributing their strengths for the good of our country," said future German chancellor Olaf Scholz during a joint press conference in Berlin. "We want to dare more progress," he added.
Scholz stressed that the agreement included stable pensions, basic security for children, and an increase of the minimum wage to 12 euros (around 13.60 U.S. dollars).
The coalition agreement will now be submitted to the parties for final approval by vote. According to the schedule of the three parties, Scholz is to be elected chancellor in the week beginning Dec. 6.
FDP leader Christian Lindner said that "what is being formed now is a government of the middle that will lead the country forward."
Co-leader of the Greens Robert Habeck said that "modernizing a country in a time of crisis means a great effort," and the basis for this had now been created. At the core of the joint "story" was the compatibility of climate protection and prosperity, said Habeck.
By 2030, Germany would get 80 percent of its electricity from renewable energies, said Habeck. With the plans that were agreed over the last weeks, it was possible to go beyond the goal of a "65 percent reduction" of greenhouse gas emissions, he added.
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