Black-red coalition wants to quickly strengthen the economy

The plans to stimulate the economy are enshrined in the coalition agreement. However, the coalition leaders have now prioritized those that can be implemented quickly and without dispute.

Vice Chancellor and Finance Minister Lars Klingbeil emphasized that the mood in the country needed to change. "We want to unlock the potential of the people in this country," he said.

First laws to be passed in July

The proposals should be approved by the cabinet by around September. Some could become law as early as July, Merz said. On Wednesday, the cabinet passed initial laws to limit migration, accelerate broadband expansion, and extend the rent control.