German Chancellor Olaf Scholz sacked his finance minister on Wednesday and said he will hold a parliamentary confidence vote in the government in January, triggering political chaos in Europe's largest economy hours after Donald Trump won the U.S. presidential election. After sacking Finance Minister Christian Lindner of the Free Democrats…

The turmoil hits Europe's biggest economy as it grapples with a sustained downturn

BERLIN: Germany entered a major political crisis on Wednesday with the collapse of Chancellor Olaf Scholz’s ruling coalition likely paving the way for...

The chancellor said he would call a vote of confidence in his government early next year.

Scholz sacked Finance Minister Christian Lindner, declaring there was no longer any “basis of trust”.

After months of disputes, Chancellor Olaf Scholz ousted one of his governing partners, adding to the challenges for Europe since Donald Trump’s election.

Olaf Scholz said he would seek a vote of confidence by January 15 so that MPs "can decide whether to clear the way for early elections" which could be held by late March -- six months earlier than scheduled.

Germany faces political crisis as Chancellor Scholz's coalition collapses, paving way for early elections amid economic turmoil.

Germany's Chancellor Olaf Scholz on Wednesday fired his rebellious Finance Minister Christian Lindner, spelling doom for the three-party coalition though Scholz could stay on in a minority government.

The three-year-old union between Scholz's Social Democratic Party (SPD), the Greens and Lindner's Free Democratic Party (FDP) had been on shaky ground for some time.