This is reported by Die Welt.
He explained the reason for this act by the fact that the inner-party discussions around his candidacy are a threat to the successful adoption of a coalition agreement at the party congress of the SPD.
"I declare about the refusal to join the federal government and at the same time I hope that this will end the personnel debate in the SPD," said Schultz.
Also Schultz added that it is necessary to create a policy for the sake of the people of this country. Therefore, his personal ambitions are below the interests of the party.
Recall, as previously reported, "URA-Inform, representatives of the Social Democratic Party of Germany, the Christian Democratic Union and the Christian Social Union agreed on a coalition agreement. The parties signed an agreement on the creation of a new coalition government.