The European Union is being put to an unprecedented test. The coronavirus pandemic knows no borders and affects all of us. This situation calls for European solidarity and for the strength to take the right actions: right now, for each country, and for all of us together. The crucial task now is to restore the EU’s fitness for the future, and to overcome the crisis in a way that enhances European unity, strength and sovereignty – to the benefit of all member states. During its six-month Presidency of the Council, the Federal Ministry of Finance will adopt ambitious fiscal policies to drive Europe’s recovery – together.

Our website www.eu2020finance.de provides a comprehensive overview of the work that the German Presidency is doing in the area of fiscal policy.

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Germany is taking on the EU Council Presidency at a crucial time. Our main priority will be to guide Europe out of the crisis with strength and to boost social cohesion.Olaf Scholz, Federal Minister of Finance