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A stronger Europe

Ministry staff with yellow stars
A stronger Europe Source:  Federal Ministry of Finance

Solidarity among EU member states is crucial, especially during periods of crisis. This was evident in the EU’s quick response to the pandemic: the Next Generation EU recovery instrument – which aims to help the member states overcome the economic effects of the coronavirus crisis – sends a strong message of solidarity throughout Europe. Germany’s national Recovery and Resilience Plan also contains key elements of European solidarity while simultaneously focusing on the two other major challenges of our time: climate and digital technology.

Our objective is to make the European economic and monetary union even stronger. To this end, the fiscal and economic policies of all member states must be coordinated more closely. The Finance Ministry plays a decisive role in this respect. It formulates Germany’s positions on EU budgetary and financial issues. In addition, EU finance ministers meet together within the framework of the ECOFIN Council to coordinate European economic policy.

To ensure stability and a successful economy in the EU, we also need a strong European banking union. The banking union protects European taxpayers and provides the basis for a robust financial sector. We are also committed to building a capital markets union and a single market for financial services, which will help spur more cross-border investment in the future.

Our policies:

  • Ensure joint financing for Next Generation EU
  • Implement the German Recovery and Resilience Plan
  • Strengthen the banking union and capital markets union

Find out more here.