Germany's Merkel: Change or be left behind
German Chancellor Angela Merkel said Wednesday that Germany and the rest of Europe must be more open to innovation and change if they want to create a new social framework and regain a leading position in the world. "We have to remove the obstacles, open the windows and breathe fresh air," she said, addressing the opening session of the annual meeting of the World Economic Forum in the alpine resort of Davos.
In keeping with previous speeches, Merkel urged several changes in Germany, including the need to streamline bureaucracy, reduce debt, have a more stable fiscal policy to inspire confidence in foreign investors and invest more in innovation. In keeping with the theme of the forum this year, she said these changes would require Germany to be more "creative."
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