German President Frank-Walter Steinmeier on Friday ordered parliament dissolved and set new elections for Feb. 23 in the wake of the collapse of Chancellor Olaf Scholz's coalition, saying it was the only way to give the country a stable government capable of tackling its problems.

Walter Steinmeier dissolved parliament and set the country’s snap election for Feb. 23, formally endorsing a timetable proposed by Chancellor Olaf Scholz after he pulled the plug on his ruling coalition last month.

The new elections would allow for Olaf Scholz's party to have a chance to take power or allow a new majority government to rule.