Europe’s largest financial system lastly has a pacesetter. Conservative Friedrich Merz was elected as German chancellor on Tuesday, however solely after a second spherical of voting within the Bundestag. The unprecedented failure within the first spherical has raised doubts concerning the new authorities’s capacity to revive a flagging financial system by means of reforms. Germany’s industrial base, as soon as the spine of its financial system, is eroding. What must be finished for the nation to bounce again? FRANCE 24’s Yuka Royer talks to Frederik Lange, senior supervisor for analysis of commercial and financial coverage on the Federation of German Industries.
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Can new German chancellor Merz cure the 'sick man of Europe’?
