Merz Insists On Pensions Bill Despite Party Rebellion [Barron's]
DEUTSCHE TELEKOM AG S/ADR (DTEGY)
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Source: Barrons
Speaking Friday morning after late-night talks with his junior coalition partners the centre-left Social Democrats (SPD), Merz said it was the SPD's "wish that we not amend this bill". Advertisement - Scroll to Continue "We agreed on this yesterday," he added. The reform is a key element of the coalition agreement between the two parties and had been approved by cabinet in August. In recent weeks however, 18 lawmakers from the CDU's Junge Union youth wing had threatened to block the plan at a parliamentary vote expected next week. Their votes are crucial as the government only has a majority of 12. Advertisement - Scroll to Continue Merz said the Junge Union's concerns would be taken into account in a broader review of the pensions system due in 2026, which will also tackle the issue of raising the retirement age. "I think there will be broad agreement within the parliamentary group on this approach and these proposals," Merz said. The government's current pension p
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