Can Germany's ambitious reform package revive its economy?

Germany's fragile coalition government has announced a major package of economic reforms aimed at kick-starting the country's chronic low growth. The long-awaited measures, announced earlier this month by chancellor Friedrich Merz, include tax cuts, greater labour-market flexibility and a broad easing of bureaucratic red tape – and follow separate but related pension reforms, announced a week earlier. Assuming the measures clear the Bundestag (very likely, but not certain), no one expects