More than four months after federal elections, Germany's two biggest parties have agreed to form a coalition government. The so-called 'Grand Coalition' -- the same government which has led the country since 2013 -- would end a long period of political uncertainty in Europe's largest economy. But members of the Social Democratic Party still have to approve the deal. CGTN's Ira Spitzer reports from Berlin.

The wait is finally over. Germany has agreed to form a new government. After a final 24 hour negotiating session, the center-left social democrats said they will once again partner with Chancellor Angela Merkel's conservatives. Merkel would continue to lead Germany, but was forced to make significant concessions this time around.

ANGELA MERKEL GERMAN CHANCELLOR "You may too justify demands on us, first to form a government at last and make it a stable government. And second, during your talks, please think about the actual needs and interests of the people."

The social democrats would take control of the country's powerful finance ministry, a major concession from the conservatives. That could mean more momentum for European reform efforts and a less of a focus on austerity. However, elsewhere on the international stage, Berlin's positions aren't likely to change dramatically.

ULRIKE FRANKE POLICY FELLOW, EUROPEAN COUNCIL ON FOREIGN RELATIONS "It's the same government that we've had for the past four years. so I don't expect any major course changes when it comes to the relationship with Russia or China or the United States."

But there is a catch here. Before the talks began, social democrats promised to let every single one of their party members vote on the agreement.

IRA SPITZER BERLIN "That means that the fate of Europe's largest economy now rests in the hands of about four hundred and forty thousand people. The social democrats have indicated that they will release the results of that vote on the fourth of March."

That vote will likely be a referendum on how much influence they think the social democrats, or SPD party, will have this time around.

ULRIKE FRANKE POLICY FELLOW, EUROPEAN COUNCIL ON FOREIGN RELATIONS "Most of the things that the last government achieved, was basically seen as something that Angela Merkel did rather than the coalition ."

If the SPD voters approved the coalition, leaders are hoping to form a new government by the beginning of April. That would bring an end to some of the uncertainty in the heart of Europe, with implications far beyond Germany's borders. Ira Spitzer, CGTN, Berlin.