Social spending is “no longer financially sustainable,” the German chancellor has said
Germany’s welfare state is no longer financially sustainable, Chancellor Friedrich Merz has warned, citing mounting financial constraints.
Merz made the remarks on Saturday during a speech to fellow Christian Democratic Union (CDU) members in Osnabrueck, a city in Lower Saxony that is home to carmaker Volkswagen.
“The welfare state as we have it today can no longer be financed with what we can economically afford,” Merz said, calling for a fundamental reassessment of the benefits system. He noted that welfare spending hit a record €47 billion ($55 billion)…
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