Germany’s center-left Chancellor Olaf Scholz has announced he is firing Finance Minister Christian Lindner, which could undermine the ruling three-party coalition that relies on Lindner’s pro-business party.

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

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 the Social Democrats, Greens and conservatives had reached a compromise on timing.