Germany's leader pledges to reform a creaking pension system and says 'failure is not an option'

Germany's Chancellor Friedrich Merz has committed to overhauling the nation's pension system, emphasizing the necessity of raising the retirement age to match life expectancy. This move aims to address the financial sustainability of pensions as the population ages. With the declaration that "failure is not an option," Merz underscores the urgency and importance of these reforms, highlighting the potential long-term implications for both the economy and the welfare of Germany's aging population.