Davos: Germany's Merz Says 'We Are Not at the Mercy of This New World Order'

Summary

German Chancellor Friedrich Merz speaks at Davos about the breakdown of the post-Cold War international order and the arrival of great power politics. He points to Russia's war in Ukraine, China's strategic ascent, and US foreign-policy shifts as drivers. Merz argues Germany and other nations should not accept this reality as fate and can shape the future with clear-eyed realism. The speech is geopolitical and contains no specific market, asset, or security recommendations.

• German Chancellor Friedrich Merz addresses the World Economic Forum in Davos.
• Merz says the foundations of the international order have been shaken.
• He cites Russia's war in Ukraine, China's strategic rise, and US policy shifts.
• He describes a new era of great power politics based on power and strength.
• Merz says nations should not accept the new reality as fate and can shape the future.
• He calls for clear-eyed realism and quotes Mark Carney on recognizing the value of power.
• No specific securities, sectors, or investment trades are discussed.