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Germany: Government Structure and Fiscal Framework — Federalism, the Bundestag, and the Bundesbank
An in-depth analysis of Germany's federal parliamentary system, exploring the division of powers between the Bundestag and Bundesrat, the dynamics of coalition-led economic policymaking, and the complex machinery of fiscal federalism. It details how joint tax revenues are distributed, the structural legacy and independence of the Deutsche Bundesbank, and the constitutional constraint of the debt brake (Schuldenbremse) in shaping Germany's fiscal destiny within the broader framework of the European Union.
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