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Europe

The Ministry plays a major role in European financial policy. It formulates and coordinates Germany’s positions on matters involving the budget and finances of the EU.

Franco-German Ministerial Council: new roadmap on economic and …

On 16 Oc­to­ber 2019, Min­is­ter of Fi­nance Olaf Scholz par­tic­i­pat­ed in the Fran­co-Ger­man Min­is­te­ri­al Coun­cil in Toulouse, France. The French and Ger­man min­istries of fi­nance and eco­nom­ic af­fairs agreed on a new roadmap on eco­nom­ic and fi­nan­cial is­sues, with a spe­cial fo­cus on ex­plor­ing bi­lat­er­al co­op­er­a­tion and de­vel­op­ing com­mon po­si­tions at the EU lev­el.

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Progress in Brexit negotiations

The Agree­ment on the With­draw­al of the Unit­ed King­dom from the Eu­ro­pean Union, which sets out the terms of Brex­it, is cur­rent­ly in the rat­i­fi­ca­tion phase and is ex­pect­ed to en­ter in­to force on 1 Febru­ary 2020. Ini­tial­ly noth­ing will change for cit­i­zens and busi­ness­es, be­cause EU law will gen­er­al­ly con­tin­ue to ap­ply in and to the UK dur­ing a tran­si­tion pe­ri­od un­til the end of 2020. How­ev­er, the UK will no longer have a say with­in the EU’s in­sti­tu­tions. The UK will al­so re­main part of the Eu­ro­pean sin­gle mar­ket and cus­toms union dur­ing this pe­ri­od.

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Informal ECOFIN meeting in Berlin: Interview with Olaf Scholz

EU fi­nance min­is­ters re­cent­ly con­vened for an in­for­mal ECOFIN in Berlin.

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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. 

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In­ter­view with State Sec­re­tary Dr Jörg Kukies

State Sec­re­tary Dr Jörg Kukies on the EU re­cov­ery fund and the mul­ti­an­nu­al fi­nan­cial frame­work.

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The Fi­nance Min­istry’s Pres­i­den­cy work pro­gramme from three …

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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Europe Olaf Scholz: Together for Europe’s recovery

In dif­fer­ent Eu­ro­pean news­pa­pers – Le Fi­garo, La Re­pub­bli­ca, El Pais, Ta Nea, Ex­pres­so, Gaze­ta Wybor­cza, Le Soir and Die Welt – Fed­er­al Min­is­ter of Fi­nance Olaf Scholz out­lined the main chal­lenges and most im­por­tant tasks of Ger­many’s Pres­i­den­cy of the Coun­cil of the Eu­ro­pean Union.

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Europe Brexit and Customs

In the event of a no-deal Brex­it, the UK will be treat­ed as a third coun­try, which will have a sig­nif­i­cant im­pact on the move­ment of goods be­tween the UK and the EU. Al­though the re­sult­ing re-in­tro­duc­tion of cus­toms du­ties, for­mal­i­ties and con­trols would add sig­nif­i­cant pro­ce­du­ral hur­dles to trade with the UK, the Ger­man gov­ern­ment and the Ger­man cus­toms ad­min­is­tra­tion are care­ful­ly prepar­ing for this sce­nario.

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Europe 50th Franco-German Economic and Financial Council

The 50th Fran­co-Ger­man fi­nan­cial and eco­nom­ic coun­cil was held in Paris on 19 Septem­ber 2019. Ger­man Fi­nance Min­is­ter Olaf Scholz, Ger­man Eco­nom­ic Af­fairs Min­is­ter Pe­ter Alt­maier and their French coun­ter­part Bruno Le Maire agreed to de­liv­er a strat­e­gy for growth, strength­en the eu­ro area, launch joint in­dus­try projects and pro­tect the EU’s sovereign­ty over trade pol­i­cy. The fight against cli­mate change is a pri­or­i­ty for both coun­tries.

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Taxation Germany and Netherlands reaffirm their commitment to combating tax …

On 27 March 2019, Ger­man fi­nance min­is­ter Olaf Scholz met Men­no Snel, State Sec­re­tary for Fi­nance at the Dutch Min­istry of Fi­nance. In a joint state­ment, the two coun­tries reaf­firmed their com­mit­ment to com­bat­ing tax avoid­ance by agree­ing and im­ple­ment­ing the OECD and EU stan­dards on base ero­sion and prof­it shift­ing (BEPS).

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Europe European Reform and German Responsibility

On 8 Febru­ary 2019, Ger­man fi­nance min­is­ter and vice-chan­cel­lor Olaf Scholz de­liv­ered a keynote speech at the Lon­don School of Eco­nomics and Po­lit­i­cal Sci­ence. He em­pha­sised that Eu­rope is stronger when it acts in con­cert and that it needs to strength­en its sovereign­ty as a glob­al po­lit­i­cal ac­tor in its own right so that it be­comes im­pos­si­ble to play Eu­ro­peans off against each oth­er.

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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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Public Finances A modern budget for Europe

The Eu­ro­pean Union needs a bud­get that is mod­ern and fu­ture-proof. Against the back­drop of cur­rent chal­lenges and Brex­it, the 2021-2027 mul­ti­an­nu­al fi­nan­cial frame­work needs a new fo­cus. Ne­go­ti­a­tions are cur­rent­ly un­der­way. The Ger­man Fi­nance Min­istry ba­si­cal­ly sup­ports the Eu­ro­pean Com­mis­sion’s pro­pos­als, but be­lieves that they do not go far enough. Ger­many is in favour of a more far-reach­ing mod­erni­sa­tion of the bud­get.

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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.

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Europe The EU’s 2018 Ageing Report and the outlook for Germany

The anal­y­sis of the Eu­ro­pean Union’s lat­est Age­ing Re­port pro­vid­ed in the Fi­nance Min­istry’s June 2018 month­ly re­port shows that the long-term sus­tain­abil­i­ty of pub­lic fi­nances in the EU mem­ber states con­tin­ues to face ma­jor chal­lenges as a re­sult of de­mo­graph­ic change. Ger­many is dis­pro­por­tion­ate­ly af­fect­ed by in­creas­es in age-re­lat­ed spend­ing.

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Europe Meeting of German and French government ministers in Meseberg

The heads of state and var­i­ous gov­ern­ment min­is­ters from Ger­many and France con­vened in Mese­berg on 19 June 2018, where they agreed on an ex­ten­sive cat­a­logue of Eu­ro­pean re­forms. Doc­u­ments re­lat­ing to fis­cal, bud­get and tax pol­i­cy are pre­sent­ed here.

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Europe German-Italian proposal for redesigning the EU budget

In a joint pa­per, Ger­man and Ital­ian fi­nance min­is­ters Pe­ter Alt­maier and Pier Car­lo Padoan set out their ideas for re­design­ing the EU bud­get, tak­ing in­to ac­count the ex­ist­ing fi­nan­cial pos­si­bil­i­ties. Their pro­pos­als fo­cus on a stronger pro­mo­tion of struc­tural re­forms and Eu­ro­pean pub­lic goods, from which all EU cit­i­zens can ben­e­fit.

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European Financial Assistance

European financial assistance (ESM)

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European Financial Stability Facility (EFSF)

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Europe Graphics: Stabilising the euro area

Eu­ro­pean fi­nan­cial as­sis­tance graph­ics

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