Cuts coming. German Chancellor Friedrich Merz has warned that Germany’s welfare system is overextended and in need of reform. At a party conference, Merz said the welfare state “can no longer be financed with what we produce in the economy” but also stressed that his government would not raise taxes on medium-sized companies, despite the […]
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Daily Memo: Germany’s Social Spending, Japan’s Drone Procurement
Berlin is looking for places to cut expenditure.
