00:00The CDU, CSU and SPD have agreed on a coalition agreement, sources say.
00:05The parties are expected to host a press conference on Wednesday to present the new coalition.
00:10Good morning. Everyone wishes to be ready, the citizens and we too.
00:15Details of the agreement weren't immediately available, but Friedrich Merz,
00:18the leader of the center-right Christian Democratic Union,
00:21is expected to become Germany's next leader under the agreement.
00:24The coalition deal will need approval in a ballot of the Social Democrats' membership
00:37and by a convention of Merz's CDU.
00:40The agreement paves the way for a new leadership in Europe's biggest economy
00:43after months of political drift.
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