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Tackling Germany's economic woes tougher than expected: Merz
The Straits Times
|August 25, 2025
Europe's industrial powerhouse contracts in second quarter by more than initially estimated
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German Chancellor Friedrich Merz said tackling the country's economic challenges is proving to be a far greater undertaking than he initially anticipated.
"I say this also self-critically—this task is bigger than one or the other may have imagined a year ago," Mr Merz said in a speech in the northern German town of Osnabruck on Aug 23. "We're not just in a period of economic weakness, we are in a structural crisis of our economy."
Dit verhaal komt uit de August 25, 2025-editie van The Straits Times.
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