European governance is in a state of upheaval. Due to the impact of the coronaviruspandemic, the Russian war of aggression in Ukraine and the energy price crisis, Europeanfiscal policy has come under increasing pressure. In this complex situation, the EuropeanCommission considers a return to the...

The proposal to amend Council Directive 2011/85/EU on the EU budgetary framework may result in changes in the role of environmental sustainability and explicitly the role of green budgeting in decision-making processes. While this topic is still in its infancy in Germany compared to other EU...

Die deutsche Schuldenbremse steht zunehmend in der Kritik. Insbesondere die Investitionserfordernisse in Deutschland sowie die günstigen ökonomischen Rahmenbedingungen werden als Gründe dafür angeführt, das bestehende Schuldenregime zu modifizieren oder gar abzuschaffen. Dabei sollten...

This article examines the German debt brake from a technical point of view. By designing the debt brake on the basis of the EU method, it should be possible to achieve an adequate division between the cyclical and structural components of the budget balance, while at the same time pursuing a...