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beirat Report by the Advisory Board
In the debate over efforts to reform the EU budget, repeated calls are made (a) to ensure more transparent and fairer burden-sharing and (b) to replace the widespread juste-retour (“just returns”) mindset with a stronger focus on policies that serve the interests of Europe as a whole. This report argues that it is possible to make EU financing practices more transparent and, in this way, to …
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europe The Treaty of Aachen: A new Franco-German agenda
Germany and France have strengthened their cooperation with a new friendship treaty that was signed in the city of Aachen on 22 January 2019. One priority project on the new joint agenda is cooperation in the area of financial services and financial markets at the EU level, with the goal of working towards high regulatory standards, including in the area of sustainable finance.
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Europe The Möbius strip
A symbol of unity and connectedness.
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Climate action European Sustainable Finance Summit
As the European Sustainable Finance Summit gets underway, German Finance Minister Olaf Scholz and Environment Minister Svenja Schulze are calling on European companies to invest more in sustainable economic activities. The first survey, published today, on applying the EU taxonomy shows that just 2% of companies’ activities by revenue meet the taxonomy’s level of ambition for climate action and …
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EU Council Presidency The Finance Ministry’s Presidency work programme from three perspectives
Interview with Thomas Westphal, head of the Directorate-General for European Policy, Dr Eva Wimmer, head of the Directorate-General for Financial Markets Policy, and Dr Rolf Möhlenbrock, head of the Directorate-General for Taxation.
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Public finances The cabinet makes social cohesion and modernisation priorities
On 20 March 2019, the federal cabinet adopted the benchmark figures for the 2020 federal budget and the financial plan to 2023. The government is planning record-level investments, the biggest tax cuts in over 10 years as well as comprehensive measures to boost social cohesion, ensuring that everyone in the country benefits from Germany’s economic success.
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EU Council Presidency Tax policy priorities of Germany’s Council Presidency
Germany wants to use its Council Presidency in the second half of 2020 to promote a strong and sovereign European Union. Modern and innovative tax policies are essential for enhancing the EU’s economic strength.
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Public Finances Spending reviews in the federal budget
Since 2015, the German government has included annual spending reviews in its top-down procedure for preparing the federal budget. Spending reviews analyse revenues and expenditures in selected policy areas, with the aim of giving the budget preparation procedure a stronger focus on content and enhancing the outcome orientation of the allocated budget funds. They help to improve the structure of …
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Climate action Sound financing for effective and socially equitable climate action
Today the federal cabinet has approved the draft supplementary federal budget for 2020 and the draft budget for the Energy and Climate Fund for 2020. Today’s decision has created the budgetary conditions for rapid implementation of the Climate Action Programme agreed by the German government on 25 September 2019.
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europe Snapshots of Franco-German cooperation
The August edition of the Finance Ministry’s monthly report offers an insight into current Franco-German cooperation, not only at the government level, but also at the working level of the two finance ministries. One element of this is the Franco-German Seminar. Launched in 1999, the seminar entered its 10th cycle in Berlin in May 2018.