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.

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.

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.

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.

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

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

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.

German Chancellor Olaf Scholz’s Social Democrats and opposition lawmakers reached an agreement to hold an early election in February, according to government officials familiar with the talks.

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 he could ask parliament to vote him out of office on Dec.