German Chancellor Friedrich Merz cautioned on Monday that the ongoing Iran war will inflict long-term damage on the global economy, with Germany bracing for a substantial and extended economic strain. Speaking at a press conference in Berlin, Merz stated: \u201cWe will feel the consequences of this war for a long time to come, even after it is over.\u201d<\/p>\n
Burden on households and economy<\/p>\n
\u201cConsequently, we are also preparing for a significant burden on the German economy for an extended period \u2014 and thus a considerable burden on private households as well,\u201d Merz added. The conservative leader expressed regret over the failure of US-Iran talks hosted in Pakistan\u2019s capital over the weekend but noted that he had anticipated difficulties from the start.<\/p>\n
Diplomacy a long-term process<\/p>\n
\u201cI wasn\u2019t surprised by the decision to break off the talks in Islamabad. From the very beginning, I didn\u2019t get the impression that they were really well prepared,\u201d Merz told reporters. He emphasized that reaching a diplomatic solution would be a lengthy process. \u201cWe are talking with the US administration, we are talking with the parties to the conflict, and we are talking with Israel. This will remain a long-term process,\u201d he stressed.<\/p>\n","protected":false},"excerpt":{"rendered":"German Chancellor Friedrich Merz cautioned on Monday that the ongoing Iran war will inflict long-term damage on the…\n","protected":false},"author":2,"featured_media":4164,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[95,5,253,4206,409],"class_list":{"0":"post-4163","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-germany","8":"tag-economy","9":"tag-germany","10":"tag-iran","11":"tag-merz","12":"tag-war"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/4163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=4163"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/4163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/4164"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=4163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=4163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=4163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}