Key facts
- German Chancellor Friedrich Merz will urge his cabinet to accelerate reforms.
- The reforms aim to ease the burden on businesses and revive economic growth.
- Key areas for reform include taxes, pensions, deregulation, and digitalization.
- Merz emphasized that "growth and employment" are the most important issues for Germany.
- The government's priority is to deliver "rapid and comprehensive relief for the economy."
German Chancellor Friedrich Merz intends to convene his cabinet next week to advocate for a faster implementation of reforms designed to alleviate business pressures and stimulate economic expansion. Merz, who leads the conservative Christian Democratic Union, highlighted that "growth and employment" are critical issues for Germany.
Ahead of a cabinet retreat, Merz told Bild am Sonntag that the government's focus must remain on these priorities. He plans to direct ministers to swiftly enact reforms previously agreed upon, which encompass measures related to taxation, pensions, deregulation, and digitalization. Merz stated, "We made historic decisions before the summer break. Now they must be implemented as quickly as possible."
The Chancellor emphasized that the government's primary objective is to provide "rapid and comprehensive relief for the economy," with a particular focus on supporting tradespeople and small to medium-sized enterprises.