Friedrich Merz (Photo: Thilo Schmuelgen / Reuters)
According to Merz, Germany and the rest of Europe have entered a period of change comparable to the biggest crises of the last century (broadcast on YouTube).
“We are experiencing a profound epochal turning point – one that every generation experiences only once,” the chancellor said.
Merz noted that new crises are emerging almost every week and are no longer limited to foreign policy. According to him, instability directly affects the economy, industry and living standards in Europe.
The Chancellor called for urgently improving the competitiveness of the German economy and accelerating changes within the European Union. He emphasized that European countries have already started to reconsider approaches to economy and security.
The statement came amid growing problems in Germany. The country continues to face pressure on industry due to high energy prices and slowing economic growth. The situation is complicated by instability in the Middle East and risks to energy supplies.
The pressure was intensified by the US policy
Additional tension has also arisen in relations with the US after reports about the reduction of the US military presence in Germany. Against this backdrop, criticism of the government is growing in the country and concerns about the future of Europe’s largest economy are growing.
Politico previously reported that Germany and Italy have already lowered their economic forecasts, and Europe faces the threat of stagflation – a combination of weak economic growth and high inflation.
Support for Merz himself is also declining. According to media reports, only about 15% of Germans are satisfied with the chancellor’s work.
