Berlin, Germany – The newly formed coalition of CDU, CSU and SPD has announced plans to swiftly introduce measures to revitalize the economy. The coalition leaders shared the news following the first meeting of the coalition committee in Berlin, with the goal of making decisions by the summer break. German Chancellor Friedrich Merz emphasized the need for rapid action, stating that “it’s now ‘strike after strike’.”
The proposed measures include improved tax deductions for investments, reduced bureaucracy and laws to implement the special fund of 500 billion euros for investments in infrastructure and climate protection. SPD leader Lars Klingbeil described the plan as a “swift program” that the government will implement with speed, while CSU leader Markus Söder called for visible improvements by the summer.
Germany is currently experiencing a period of economic stagnation, with economists predicting a stagnation of the country’s gross domestic product for this year, following two consecutive years of recession. A key measure of the coalition is the introduction of an “investment booster” in the form of a declining tax deduction, aimed at encouraging companies to make more investments.