Chancellor Friedrich Merz expresses optimism as Union and SPD leaders begin negotiations on significant reforms.

The coalition partners are meeting at the Chancellery to outline a comprehensive reform package focusing on taxes, labor, and social systems. Key figures, including CSU leader Markus Söder and SPD leaders Lars Klingbeil and Bärbel Bas, are in attendance.

Merz emphasized the need for reforms to boost household consumption and industrial investment, while SPD’s Dirk Wiese expressed a unified commitment to finalize plans. Industry leaders stress the urgency for action, citing the serious economic situation.