Germany's Merz Races to Win Support for Major Financial Package
Friedrich Merz, Germany's chancellor-in-waiting and leader of the Christian Democratic Union party CDU, is racing against time to win over crucial Greens' party support for a massive 500 billion euro infrastructure fund and borrowing rule overhaul. The proposed reforms could jolt markets and spark debate about whether they will revive Europe's largest economy. Germany's conservatives and the SPD are working together on the proposals, which aim to address concerns about economic growth and competitiveness.
- This move marks an unusual shift for conservative German politics, as it relies heavily on coalition-building efforts and seeks support from a key environmental party like the Greens.
- Will the proposed reforms succeed in revitalizing Germany's economy and setting a precedent for other European countries to follow?