July 2, 2026
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6:23Now PlayingGermany's coalition government has announced a wide-ranging package of pension, tax and labor reforms aimed at boosting economic growth and strengthening competitiveness. Chancellor Friedrich Merz said the measures would create jobs, reduce bureaucracy and preserve key social welfare protections. The 34-point plan includes income tax relief for low- and middle-income households as well as a gradual increase in the retirement age. The government hopes to pass the core reforms through parliament by the end of the year.
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