Leadership bid: After an election that saw the country shift to the Right, Friedrich Merz (pictured) looks likely to lead a coalition between his CDU party and the Social Democrats.
After an election that saw the country shift to the Right, Friedrich Merz looks likely to lead a coalition between his victorious centre-Right CDU party and the Social Democrats.
Christian Sewing, chief executive of Deutsche Bank, the country’s largest lender, said: ‘Germany now needs a government that is able and willing to act – and quickly.
But according to the latest report from Munich-based think-tank Ifo, business confidence continues to falter following two years of economic decline that has seen Germany dubbed ‘the sick man of Europe’.
Business leaders said Germany could not afford any delay as companies suffer from high costs, red tape and intense competition from overseas.
