German chancellor Merz announces economic reforms amid pressure from Far-Right
Edited By WION Video Desk
Published: Jul 02, 2026, 21:57 IST | Updated: Jul 02, 2026, 21:57 IST
In a significant political breakthrough, German Chancellor Friedrich Merz and his ruling coalition have unveiled a sweeping 34-point reform package aimed at jolting Europe's largest economy out of stagnation. The "Programme for Revival and Employment," presented on July 2, 2026, targets tax relief, pension sustainability, and the reduction of stifling bureaucracy to counter internal economic decline and rising political pressure from the far-right Alternative for Germany (AfD).
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