Publication

This paper discusses the new decision space of economic policy for Germany after it has ceded large parts of its sovereignty to the European level. The author discusses the impact of the subjection to joint decision making in areas like monetary policy, trade policy, the more important part of competition policy and subsidy policy. He argues that the maneuvering space for national economic policy makers has been reduced remarkably considering how EU member countries can be outvoted and have to accept the decisions taken by others in a substantial number of areas.