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.

Germany’s election campaign kicks into high gear today, with Chancellor Olaf Scholz making his case for another term in a public address. Bloomberg's Oliver Crook breaks down the situation and what to expect from Scholz.

Today, our Berlin correspondent explains why the EU’s biggest economy is heading for an early election, and we report on the political chaos around the final European commissioner hearings. Context: Scholz unravelled his coalition last week,