Abstract

ABSTRACT In July 2020 the European Council adopted the new multiannual financial framework (MFF) and the additional European recovery budget ‘Next Generation EU’ (NGEU). Certainly, this agreement marked a clear change in German European policy. Germany was not only prepared to pay significantly higher contributions to the EU budget, but also accepted to launch an additional European economic stimulus programme that will be financed through European common debt. However, Germany insisted on significant constraints and substantive limitations in scope of these new instruments. This restrictive, hesitant and rather defensive policy of prevention can be explained by Germany’s role as status quo-power (SQP) in the European Union (EU). This role implies that Germany is trying to preserve the existing status quo, the agreed structures and rules, and is only prepared to agree to far-reaching changes if this status quo or even the existence of the EU itself appear to be at risk.

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