Chancellor Friedrich Merz Defends Germany's AAA Credit Rating

Chancellor Friedrich Merz expressed confidence that Germany will maintain its AAA credit rating despite record levels of borrowing. Speaking after a two-day cabinet retreat in Neuhardenberg, Merz stated that the country currently faces no difficulties refinancing on capital markets and anticipates no future obstacles.

Merz outlined a strategy to translate increased government spending on defense and infrastructure into broader economic growth. He projected that the German economy has the potential to exceed 1% growth next year.