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At the beginning of the new year, Germany takes over the Presidency of the G7 – a responsible task in challenging times. This means that Germany will be hosting the annual summit of the G7 heads of state and government, an event that is considered the highlight of every Presidency.

In his speech to the World Economic Forum, Federal Chancellor Scholz stressed that Germany intends to use its presidency of the G7 this year to turn the group into “the nucleus of an international Climat e Club”. In his speech, Scholz identified the three key criteria for the Climate Club he hopes to establish.

Swift roll-out of booster vaccinations, adapted quarantine and isolation rules and “2GPlus” in the hospitality sector – these are some of the measures agreed on by Federal Chancellor Scholz and the Heads of Government of the Länder. Previous measures such as contact restrictions on private gatherings remain in place. The aim is to counter the Omicron virus variant that is currently spreading throughout Germany. 

Rules for quarantine and isolation agreed on by the Federal and Länder Governments.

The euro has been the cash currency of Germany and all other countries of the euro area since January 2002. What originally began in eleven EU member states went on to become a common currency shared by 19 countries with a total population of more than 340 million. Today, the euro is the second most widely used currency in the world.