Lower thirds:

00:08 Friedrich Merz | Conservative Party Leader
00:30 Saskia Esken | Co-Leader Social Democrats
01:14 Friedrich Merz | Conservative Party Leader
01:39 Alice Weidel | AfD Co-Leader
01:47 Report by Alex Gerst

SKRIPT:

A message of confidence after weeks of intense debate. 

+++SOT Friedrich Merz, Conservative Party Leader+++
Germany is back on track. Germany will fulfill the obligations in terms of defense. And Germany is willing to strengthen their own competitiveness. And that is not just Germany, that is Europe. 

Conservatives and Social Democrats have presented a coalition agreement.

But getting there was anything but easy.

+++SOT Saskia Esken - Co-Leader Social Democrats+++ ((43))
we negotiated very thoroughly, but also very firmly. That has to do with the responsibility we want to take for our country. This responsibility is meant to help bring back economic growth.
((wir haben sehr sehr gründliuch, aber auch sehr hart verhandelt. Das hat was mit der Verantwortung zu tun, die wir für unser Land übernehmen wollen. Die Verantwortung dient den Zielen, dass wieder eine wirtschaftliche Dynamik entstehen kann.   ))

How to boost the economy amid a recession was one of the key issues in the negotiations.

The compromise now: promoting private investment, cutting taxes on middle and small incomes.

And making overtime hours tax-free.

Another change in policy concerns migration.

The Conservatives and Social Democrats plan to make it significantly harder to obtain protection in Germany.

+++SOT Friedrich Merz - Conservative Party Leader
There will be controls at the national borders and asylum-seekers will be turned back. We will launch a repatriation offensive. We will end voluntary resettlement programs, suspend family reunifications, and significantly increase the number of safe countries of origin. 

(( Es wird Kontrollen an den Staatsgrenzen geben und auch Zurückweisungen gegenüber Asylgesuchen. Wir werden eine Rückführungsoffensive starten. Wir werden das Ende der freiwilligen Aufnahmeprogramme vornehmen, den Familiennachzug aussetzen und die Zahl der sicheren Herkunftsstaaten deutlich vergrößern.))

But opposition leader Alice Weidel from the far-right AfD doesn't believe there'll be a real policy shift.

+++SOT Alice Weidel, AfD Co-Leader+++
Not a single campaign promise has been kept. The promised shift in migration policy has already been shelved again. 
((Kein einziges Wahlversprechen eingehalten. Die Migrationswende schon wieder zu den Akten gelegt. (16:30))

Before the deal can become policy, coalition partner delegates and party members of Social Democrats and Conservatives must approve it.

Only then can Friedrich Merz be elected the new chancellor of Germany.