Friedrich Merz, Germany's chancellor-in-waiting, promises to strengthen the economy with new investments and tax cuts. In a video statement, he outlined goals for economic modernization and safety, resulting from the coalition agreement with the center-left Social Democrats after intensive negotiations. Merz emphasized support for small and medium-sized enterprises and improving energy reliability. He also acknowledged challenges posed by the US trade war, while expressing hope for new free-trade agreements between Europe and the US, highlighting urgent economic conditions exacerbated by the pandemic and global demand fluctuations.
"Our goal is clear: Germany should become economically stronger, safer, fairer and more modern," Merz stated, emphasizing a vision for comprehensive advancement.
Merz underscored the new coalition's commitment to investing in industry and providing tax relief for small and medium-sized enterprises to bolster economic resilience.
Highlighting intense negotiations between parties, Merz expressed optimism about improved trust between the center-left and conservative alliances for a stable governance.
With the US trade war on the horizon, Merz noted a need for a new transatlantic free-trade accord amid challenges facing the German economy.
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