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.

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.

German President Frank-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.

BERLIN (AP) — Chancellor Olaf Scholz lost a confidence vote in the German parliament on Monday, putting the European Union’s most populous member and biggest economy on course to hold an early election in February.