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

Bloomberg Television2:42

Transcription

Let me share with you how the new German government is looking at these tectonic shifts and how we are addressing them. These shifts have the most profound ramifications for our freedom, for our security, and for our prosperity in these weeks and months. We are witnessing the new era has already begun. Russia's war of aggression against Ukraine has been the most drastic expression so far. But change runs much deeper. China. Was strategic. Foresight has worked its way into the ranks of the great powers. The United States global power position is being challenged in Washington, reacts by radically reshaping its foreign and security policy. We have entered a time of great power politics.

The international order of the past three decades, anchored in international law, has always been imperfect. Today, it's very foundations have been shaken. This new world of great force is being built on power and strength and will come switch on force. It's not a cosy place. We do not have to accept this new reality as fate. We are not at the mercy of this new world order. We do have a choice. We can shape the future. To succeed, we must face harsh realities and chart our course with clear eyed realism. Two days ago, Mark Carney said in this hall, From this place, we must no longer rely only on the power of our values. We must also recognize the value of our power.