Merz unveils €10bn tax cuts to revive German growth

Friedrich Merz has unveiled €10bn in tax cuts designed to revive German growth and increase investment appeal. The ruling coalition has further agreed to implement tighter sick-leave rules and extend Sunday opening hours. In addition to these fiscal measures, Merz introduced a series of comprehensive pension and labour reforms. These combined initiatives aim to stimulate the economy and enhance Germany's overall competitiveness, although the long-term impacts of these specific tax cuts remain uncertain.