Germany's Pension Reform Debate Intensifies

German Chancellor Friedrich Merz announced that the government's proposed pension reform, which faces opposition from the youth wing of his conservative party, will undergo further debate. A decision is expected by Friday, aiming to reach a consensus on how to proceed with the reform.

In a significant announcement on Monday, German Chancellor Friedrich Merz revealed that the contentious pension reform proposal will be subjected to further discussion. The reform plan has met resistance particularly from the youth faction of his conservative party.

The disagreement highlights a generational divide within the party, as the younger members push back against elements of the plan they find contentious. Amidst ongoing debates, the Chancellor assured that a decision will be finalized by the end of the week.

This reform is seen as pivotal for Germany's economic future, and the government is under pressure to craft a compromise that satisfies both party factions and addresses the sustainability of the pension system.

(With inputs from agencies.)