Germany's parliament is set to elect conservative Friedrich Merz as its new Chancellor. The 69-year old is promising to revitalize the country's flagging economy and boost its voice on the world stage.

German conservative Friedrich Merz vowed on Monday to move swiftly to reform Europe's largest economy, a day before he is due to be sworn into office as chancellor and head of a coalition with the centre-left Social Democrats (SPD).

Germany’s Social Democrats named their seven ministers to serve under incoming conservative Chancellor Friedrich Merz, with SPD Co-leader Lars Klingbeil confirmed in the key finance post and Boris Pistorius continuing at defense.