Banking system of Germany and characteristics of government control of the bank crisis of 2008 – 2010
The banking system of Germany and characteristics of government control of the bank crisis of 2008-2010 are examined. The banking system of Germany is marked to be one of the most developed ones on the European continent. The German bank model was taken as a basis for functioning of the European central bank (ECB) due to the introduction of the new currency, the euro. It is noted that the world financial crisis had a negative effect on Germany.