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Davos: Germany's Merz says old world order 'unraveling'
German chancellor Merz says the old order is unraveling. He says -
"We have entered an era of great power politics," Merz said. "The new world of the great powers is founded upon power, strength and when necessary, force. It is not a cozy place."
The German chancellor says Russia's invasion on Ukraine is the beginning of a "new era, but change runs much deeper."
"China, with strategic foresight, has worked its way into the ranks of the great powers," Merz says. He said Washington is reacting to these challenges from these other "great powers" by radically reshaping its foreign and security policy."
"Europe [and its] like-minded partners must stand closer together. European countries must do more to make their economies competitive and to invest massively in our ability to defend ourselves."
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