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

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.

Decision comes after Chancellor Olaf Scholz ended ruling coalition following a disagreement over government borrowing

The Bundestag has officially decided to end Germany's short-lived minority government after Scholz's coalition collapsed in November. New elections will be held Feb. 23, with the conservative Christian Democrats expected to dominate.

As fellow continental heavyweight France wavers, German lawmakers passed a measure that will pave the way for a national election in two months, backing Chancellor Olaf Scholz’s plan to end his embattled administration early.

Germany is urging citizens living abroad to promptly register in the electoral roll if they wish to participate in the upcoming election set for February 23. Applications for registration can already be submitted to local authorities,