BERLIN, April 30, 2025 (BSS/AFP) - The co-leader of Germany's Social Democrats (SPD) Lars Klingbeil will be the next finance minister and vice chancellor under the incoming conservative chancellor, Friedrich Merz, a party source said Wednesday.

The SPD party leadership unanimously approved Klingbeil's nomination, which came shortly after the party announced its members had overwhelmingly approved a coalition agreement with Merz's CDU/CSU alliance.