German president dissolves parliament to pave way for Feb. 23 snap elections

German President Frank-Walter Steinmeier on Friday dissolved the country's lower house of parliament to pave the way for snap elections on Feb. 23 following the collapse of Chancellor Olaf Scholz's three-way coalition.

Scholz lost a confidence vote in parliament earlier this month after the departure of Finance Minister Christian Lindner's Free Democrats left his government without a legislative majority.

The vote also kicked off election campaigning in earnest, with conservative challenger Friedrich Merz, who surveys suggest is likely to replace Scholz, claiming that the incumbent government had imposed excessive regulations and stifled growth.

The conservatives have a comfortable lead of more than 10 points over the SPD in most polls. The far-right Alternative for Germany (AfD) is slightly ahead of Scholz's party, while the Greens are in fourth place.

The mainstream parties have refused to govern with the AfD, but its presence complicates the parliamentary arithmetic, making unwieldy coalitions more likely.