German political firebrand Sahra Wagenknecht announced on Monday that she would step down as leader of the Sahra Wagenknecht Alliance (BSW) party, reported dpa. She said she would hand the party leadership over to the current co-chair Amira Mohamed Ali and European lawmaker Fabio De Masi. Wagenknecht said she intends to continue to play a key role by establishing and leading a core values commission within the party. If the BSW one day enters the Bundestag, Germany's lower house of parliament, she also wants to become its parliamentary leader. The party also plans to rename itself, though will continue to use the abbreviation BSW. The leadership has proposed calling the party the Alliance for Social Justice and Economic Reason, while leaders of the party's state branch in Rhineland-Palatinate suggested the abbreviation BSW should stand for Citizens Create Change, or Bürger schaffen Wandel in German. Wagenknecht founded the party in early 2024 after splitting from The Left Party, and is by far its most recognizable face. The party, which combines economically left-wing policies with nationalist and anti-migration stances, as well as staunch opposition to aid for Ukraine, has positioned itself as a populist alternative to Germany's traditional parties. Languishing in the polls at 3-4% nationwide after failing to enter the Bundestag in the February elections, the BSW now faces an uphill battle. It has set itself the goal of entering state parliaments across the eastern states in regional elections scheduled for next year. The party's top issue remains opposition to increased military spending and aid to Ukraine, but it also stands for higher pensions, a higher wealth tax and a strict migration policy.