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The negotiations to form the next German government have been a significant factor in European affairs for months now.  With an agreement finally struck, this episode of ‘The Sound of Economics’ sees Bruegel director Guntram Wolff analyse the document of the agreement and what it means for the EU.

In short, there is a lot of continuity: the Bundestag remains in charge of the European Stability Mechanism, and the EU’s fiscal rules are praised; there will be money for the EU budget, too. More significant is the will to move towards a common tax base and minimum tax rate for corporate taxation. Overall, this is not a breakthrough for Europe.

Further reading: What has driven the votes for Germany’s right-wing Alternative für Deutschland? — by Alexander Roth and Guntram B. Wolff.

Speakers

Guntram B. Wolff, Director, Bruegel.

Credits

Sean Gibson & Giuseppe Porcaro