Investors pledge 230 billion euros at German summit: Merz

'Investments are a key factor for the future of our country, for its growth and its competitiveness,' said Chancellor Friedrich Merz (Ludovic MARIN) Major companies at an economic summit hosted by the German government have committed to investing around 230 billion euros ($258 billion), Chancellor Friedrich Merz said Tuesday in Berlin. "Investments are a key factor for the future of our country, for its growth and its competitiveness. They bring with them more jobs, increased production, more services, and a better future for our children and grandchildren," Merz said. The chancellor noted Amazon investments worth 16 billion euros and a German government partnership with US chipmaking giant Nvidia.