Olaf Scholz named next chancellor of Germany

• Olaf Scholz has been sworn in as the new Chancellor of Germany.
• Acting German Chancellor Angela Merkel stepped down after Olaf Scholz was chosen as his successor.
• Scholz served as finance minister in Merkel's conservative-led coalition government.

Important takeaways

About Germany

• Capital: Berlin
• Currency: Euro
• President: Frank-Walter Steinmeier
• The German Unity Day: 3rd October
• German reunification: 1990
• The first chancellor of a reunified Germany: Helmut Kohl