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Analyses | | Michał Kędzierski
On 31 January, the Bundestag passed an amendment to the Greenhouse Gas Emissions Trading Act (Treibhausgas-Emissionshandelsgesetz), incorporating new EU regulations on emissions trading systems into national law. A key element of the…
Analyses | | Andrzej Wilk, Piotr Żochowski
OSW Commentary | | Aleksandra Kozaczyńska
The debt brake (Schuldenbremse) is a German constitutional rule introduced during the global financial crisis in 2009 to ensure the country’s financial stability. Under this mechanism, the annual federal deficit cannot exceed 0.35% of GDP…