The German chancellor awaiting Friedrich Merz said on Saturday that new investments and tax reductions under his new coalition government would make the country “economically stronger”.
The new conservative chief should take office around May 6, when the German parliament should approve the new administration.
What does Merz say about the increase in the economy?
“Our objective is clear: Germany should become economically stronger, safer, fairer and more modern,” said Merz in a video message published by his Democratic Christian Union Party (CDU).
He also declared that the coalition agreement between his conservative alliance and the Social Democrats of center-left was the product of intense negotiations which had created a new feeling of confidence between the two main centrist parties of the country.
“We are committed to investing in industry, tax relief for small and medium -sized enterprises and ensuring a reliable energy supply,” said Merz. “And we make our country safe both internally and externally.”
Merz is expected to take office four months after the return of American president Donald Trump to the White House and inaugurated a massive disturbance in world trade.
The growing American trade war is expected to aggravate the prospects of the German economy, which has been struggling since the pandemic due to high energy prices, a decrease in global demand and intense competition from China.
Merz this week told Business Daily Handelsblatt“Yes, I hope a new transatlantic free trade agreement.”
Brussels is currently in negotiations with Washington to avoid 20% of American rates offered on the goods of the European Union.
Merz, Trump approaches are miles from
In an apparent reference to the isolationist approach of Trump, unlike his, Merz spoke of Germany’s intention to play again a more important role in Europe and in the world, “not strong, but reliably – not with arrogance, but in partnership”.
Recognizing the difficult battle that the next government will face, Merz has invoked the Easter message of hope and renewal, saying that it was particularly resonating this year.
“After the dark days, he comes the light,” he said, recognizing the extent of the challenges that Germany is confronted-economic, social and geopolitical. “Nevertheless, there are reasons of hope. It is up to us to shape the future.”
The coalition has already accepted a set of recovery measures of 1 Billion of euros (1.14 Billion of dollars) to stimulate the German defense sector, new infrastructure projects and climate protection programs.
Published by: Darko Janjevic
