Short Essay On Germany
Germany is known to be one of the largest and most powerful economies in the world. It is located
in Central and Western Europe, and stretches along the Baltic and North Seas. The country covers a
total of 357,022 sq km, 348,672 sq km with land and 8,350 sq km with water. Germany shares
borders with nine other countries, France, Switzerland, Belgium, Denmark, Poland, Czech Republic,
Austria, Belgium, and The Netherlands. Germany is the seventh largest country in Europe, and the
62nd largest in the world (CIA World Factbook, 2016). The capital of Germany is Berlin, but it also
surrounded by many other major cities (Leipzig, Munich, Stuttgart, Aachen, Nuremberg, Bonn,
Heidelberg, and Cologne) to name a few.
Germany's climate is temperate...show more content...
There is also the household consumption of 53.7%, government 19.7%, investments in fixed capital
19.9%, exports 45.9% and imports –38.4% that make up the country's GDP composition. The
automotive, engineering, and chemical industries are some of the major industries in Germany
economy that contribute to the nation's GDP.
The foundation of the German banking system is well developed. Germany was the first bureau in
Europe, and joined the World Bank in 1952. Banks in Germany are what holds the country's
investment capital and are controlled by universal banks, which are able to offer a variety of
banking, and savings. In addition, the universal banks make up three–fourths of total business, and
play as shareholders in the country's industrial firm. Deutsche Bundesbank is the central bank of
Germany and its obligation is to oversee economic growth, develop the banking and financial system
and stability in the economy. The central bank is who funds the government, and sets in motion the
investment in the public sector. "With the desire of economic growth, the central bank should
attempt to maintain internal price stability, by adopting different interest rates (Bravenewcoin,
2017)".
" With the launch of European monetary union and the introduction of the euro at the beginning of
1999, this task was transferred to the Eurosystem ( Bravenewcoin, 2016)". "The German currency is
the euro, although the euro is not the "German money", it is what
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