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Germany's Coalition Agrees on Major Economic Reform Package
The Hindu·Friday, 3 July 2026
Germany's ruling coalition struck a deal on a major reform package that includes tax relief worth around €600 per year for an average family. Chancellor Friedrich Merz and his centre-left partners made what were described as politically painful compromises. The deal is aimed at jump-starting the German economy as the far right continues to rise.
Why It Matters
Germany is Europe's largest economy and a key trading partner for India. A stronger German economy means more demand for Indian exports and more stable European markets.
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