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.

Germany is set to hold a federal election on Feb. 23, according to sources within the parliamentary group of Scholz' social democratic party (SPD). This is earlier than Chancellor Olaf Scholz had originally proposed after his ruling coalition collapsed last week.

Parties agree 23 February vote after chancellor torpedoed the coalition government by sacking finance minister.

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Germany’s biggest political parties are said to have agreed on a timetable leading to an early general election on Feb 23.

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

German media are reporting that Chancellor Olaf Scholz is expected to ask for a vote of confidence in his government on Dec. 16.

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 government coalition fell apart on Wednesday after Chancellor Olaf Scholz fired his finance minister.

The decision follows a budget fight that prompted Chancellor Olaf Scholz to fire his finance minister and announce a confidence vote that is widely expected to fail.

After the collapse of Chancellor Olaf Scholz’s governing coalition, the balloting will be held on Feb. 23, about seven months before it had been scheduled.