Chancellor Merz said about the instability of Germany's welfare

German Chancellor Friedrich Merz, speaking at the regional conference of the party. He stated that Germany can no longer afford the existing welfare system. This was reported on August 24 by The Daily Telegraph.

According to him, spending on social programs is "out of control" and endangers the sustainability of the budget.

"The welfare state as we have it today can no longer be funded by what we can afford economically," Merz stressed.

He noted that with the economy slowing down and unemployment rising, pension and social benefits costs continue to rise. In 2024, they reached a record €47 billion and are projected to increase.
The Chancellor also stated that he intends to continue the course of reducing migration and creating a "business-friendly" policy.

According to Eurostat, public pensions alone in Germany account for about 12% of GDP, and total public debt is 62.5% of GDP, which is lower than the average in the eurozone. According to Merz, "this is not a reason to ignore structural problems."

Revolution has no beginning: Germany has expanded the EU budget

European countries do not want to increase spending for the sake of Ukraine

Earlier, on August 21, it was reported about the uncertainty of German residents in the resumption of economic growth under the current government. A survey conducted by the INSA sociological institute showed that more than 50% of respondents do not trust the leadership represented by Chancellor Merz of Germany.

All important news is on the Izvestia channel in the MAX messenger.