Bundesbank in Europe

Description of Bundesbank

The Concise Encyclopedia of the European Union describes bundesbank in the following terms: [1] Until 1999 the most powerful official financial institution in Europe, the Bundesbank is now effectively a branch (and minority shareholder) of the European Central Bank (ECB). Its former influence, however, is felt in the location of the ECB in Frankfurt and the strict controls on European government debts and deficits contained in the Stability and Growth Pact. The Bundesbank built its reputation on its success in maintaining German price stability – an objective transferred to the wider EU stage through the Maastricht Treaty.


Notas y References

  1. Based on the book “A Concise Encyclopedia of the European Union from Aachen to Zollverein”, by Rodney Leach (Profile Books; London)

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