German Chancellor Merz Urges Cabinet to Accelerate Reforms to Revive Economy | WPN World People News

Germany’s Chancellor Friedrich Merz is calling on his cabinet to accelerate reforms aimed at easing the burden on businesses and boosting economic growth. Government ministries are expected to swiftly implement reform decisions reached before the summer recess, including measures involving taxation, pensions, deregulation and digitalization.

According to reports, Merz said ahead of a cabinet meeting in Neuhardenberg, Brandenburg, that Germany is facing major challenges to growth and employment. He stressed that economic growth and jobs are currently the government’s top priorities, saying the administration must remain fully focused and keep its sights firmly on these goals.

Merz plans to urge cabinet ministers to quickly implement the reforms agreed upon before the summer recess, covering areas such as taxation, pensions, deregulation and digitalization. He emphasized that the government had made historic decisions before the summer break and must now put them into practice as quickly as possible. The next step, he said, is to turn policies into concrete measures rather than allowing them to remain at the legislative and planning stages.

In recent years, Germany’s economy has been weighed down by high energy costs, weak external demand, cumbersome bureaucracy and declining industrial competitiveness. The speed at which reforms can be implemented will be crucial to restoring investor confidence and supporting economic recovery.

Merz stressed that the government’s top priority is to reduce the burden on businesses quickly and comprehensively, particularly by supporting skilled workers and small and medium-sized enterprises (SMEs) as they cope with the current economic challenges.