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Federal Ministry of Finance and EU Council Presidency

Now that Germany’s six-month Council Presidency has drawn to a close, it is clear that Europe has proved its worth in the face of the crisis and shown that it is capable of taking effective action. Only by working together can the member states of the European Union contain and overcome the pandemic. The German Presidency achieved some major successes, notably a closely coordinated crisis response by the EU member states and the creation of the European Recovery Fund, a powerful instrument for overcoming the economic and social fallout of the pandemic.

In addition, further steps towards greater integration were achieved, which will make Europe permanently stronger. As well as tackling the key issue of crisis management, we also took decisive steps to strengthen the economic and monetary union and the European architecture for fair and effective taxation. In addition, we were able to make progress on financial market policy and the fight against money laundering.

“In this unprecedented crisis, Germany’s Council Presidency showed that the European idea lives; our common values live: solidarity, freedom, rule of law. That is a great success, and it is a joint success.” Olaf Scholz, former German Finance Minister

#EuroABC – Presidency of the Council of the EU (EU Council Presidency)

Under the system of a rotating six-month presidency, the three EU countries holding the EU Council Presidency in a row form groups of three – or “trios” – and set out an 18-month programme with common themes and policy priorities. This ensures greater consistency within the EU and allows for joint projects to be implemented more effectively. Germany is in a trio with Portugal and Slovenia: On 1 January 2021, Germany will be passing the baton to Portugal, which in turn will be followed by Slovenia, which assumes the Presidency on 1 July 2021.