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Europe Live Friday 24th May 2013

The German government approves the transposition of the rules included in the fiscal package

12th March 2012

On 7th March the German government approved the text that plans the transposition of rules included in the European tax package over into German law. The text has to be approved by 2/3 of German MPs although the German law already includes a budgetary discipline rule. This situation might be explained by the fact that the new European pact plans for the possibility of launching legal proceedings with the European Court of Justice against countries that do not respect the new budgetary rules which affects Germany's sovereignty and requires a greater majority on the part of the German parliament. The German government must therefore negotiate with the opposition (firstly with the SPD and then Bündnis 90/Die Grünen.

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