Image courtesy of : (Sandro Halank, Wikimedia Commons, https://commons.wikimedia.org/wiki/User:Sandro_Halank)
Friedrich Merz, recently elected as Chancellor of Germany, is urging the country to undertake a significant effort to boost its competitiveness. In his inaugural government address, Merz emphasized the need for Germany to adopt more efficient work practices, highlighting the implementation of a 40-hour workweek as stipulated in the coalition agreement. His administration prioritizes reducing energy prices and cutting bureaucracy to stimulate economic growth.
Despite a cabinet lacking extensive government experience, Merz views this as an opportunity for transformative change. His agenda includes addressing the Ukraine crisis, reforming immigration laws, and planning the 2025 budget. The financial strategy involves potential infrastructure investments, despite the risk of breaching European debt regulations.
The new administration also prioritizes pragmatic economic policies to counteract the impacts of high energy prices and international trade tensions. Merz has announced plans for a visit to Kyiv with European partners, reflecting his commitment to fortifying international relations. The Chancellor's call for a 'tremendous effort' underscores a decisive approach to revitalize Germany's economic and political landscape.
