The German Chancellor, Friedrich Merz (CDU), has appealed to the Federal Council for its support of the federal government’s investment package. Addressing the Länderkammer in Berlin on Friday, Merz emphasized the initiative’s aim to foster sustained economic growth within Germany.
He stated the goal is to revitalize the nation’s economy, creating a financial benefit for all levels of government, including local municipalities. To achieve this, Merz highlighted the pressing need to make Germany a more appealing destination for private investment.
The Chancellor asserted that the investment package is critical to restoring Germany’s attractiveness and competitiveness on the global stage. He specifically cited measures such as accelerated depreciation and a reduction in corporate tax rates as key components designed to stimulate investment and growth.
