Impact of the global financial crisis on German economy
About authors
- 1 — Student Saint Petersburg State Mining Institute (Technical University)
- 2 — Ph.D. Associate professor Saint Petersburg State Mining Institute (Technical University)
Abstract
Issues of the global financial crisis as well as searching for and analyzing ways to stabilize economies have recently become a widely discussed topic in the mass media. The paper studies impact of the global crisis on German economy, industry and banking system as well as the basic measures taken by the German government during recent months to surmount the crisis. Material for the paper was collected from numerous publications in German periodicals such as «Der Spiegel», «Bild», «Zeit», as well аs from the following German news websites: www.main-netz.de ; www.n24.de ; www.focus.de .
Keywords:
global financial crisis
drop in production
governmental anti-crisis programmes
unemployment in Europe
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