German conservatives under Friedrich Merz agreed a coalition deal with the centre-left Social Democrats (SPD) on Wednesday, aiming to revive growth in Europe's largest economy.

The chancellor-in-waiting's conservatives have reached a coalition agreement with Germany's Social Democrats, five months after the last government collapsed.

German Chancellor-in-waiting Friedrich Merz has unveiled a new coalition deal between the country’s two major centrist parties in a bold and optimistic speech in Berlin on Wednesday, hours after it was announced that an agreement to form a new government had been reached.

Germany’s two major centrist parties have reached a coalition deal, the culmination of weeks of negotiations after the conservative Christian Democratic Union (CDU) emerged as winner in February’s federal election.

Germany's conservatives under chancellor-in-waiting Friedrich Merz on Tuesday reached a deal with the centre-left Social Democrats (SPD) to form a government, NTV reported.

Germany's chancellor-in-waiting and leader of the Christian Democratic Union party (CDU) Friedrich Merz, Christian Social Union (CSU) leader and Bavarian Premier Markus Soeder, co-leaders of the Social Democratic party (SPD) Saskia Esken and Lars Klingbeil walk to attend a press conference after reaching an agreement on their coalition government in Berlin,