German lawmakers on Wednesday officially elected Social Democrat Olaf Scholz as the new chancellor, putting an end to 16 years of conservative rule under Angela Merkel.
"Mr. Olaf Scholz has achieved the necessary majority of at least 369 votes. Based on article 63, paragraph 2 of the German Constitution he is elected chancellor of the Federal Republic of Germany."
The 63-year-old, who previously served as vice chancellor and finance minister during the Merkel administration, was then sworn in as Germany's next chancellor.
And now, Scholz will lead an unprecedented three-way ruling coalition, alongside the pro-spending, environmentalist Greens, and the fiscally more conservative, Free Democrats.