Germany’s chancellor-in-waiting, Friedrich Merz, announced plans for new investments and tax cuts under his incoming coalition government, aiming to make Germany “economically stronger.”

Set to take office around May 6, Merz highlighted the coalition’s goal to strengthen the economy, enhance security, and modernize the country.

The agreement, forged through intense negotiations, focuses on investing in industry, providing tax relief for small businesses, and ensuring a reliable energy supply.

Merz also emphasized Germany’s commitment to improving its role in Europe and globally, despite economic challenges like high energy prices and global competition, the DW has reported.

The government has already agreed on a €1 trillion stimulus package for defense, infrastructure, and climate protection.

Written by B.C. Begley