German Chancellor Friedrich Merz stated that overcoming the country’s economic challenges is more difficult than initially thought. In a speech in Osnabrueck, he expressed his own self-criticism, saying the task is “bigger” than imagined a year ago. Merz emphasized that Germany faces not just an economic downturn but a deeper structural crisis of its economy.
Source: https://www.bloomberg.com/news/articles/2025-08-23/merz-says-tackling-germany-s-economic-woes-tougher-than-expected