European Parliament Library

Germany :, 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germany

This 2010 Article IV Consultation highlights that the German economy is regaining the ground lost in the crisis. Policy support, restocking, and an uptick in global demand have lifted the economy from the recession. The authorities used the available fiscal space to implement countercyclical policy measures. Financial sector measures helped stabilize financial markets and mitigated systemic risk, but vulnerabilities remain. Executive Directors have welcomed the authorities’ fiscal strategy that combines short-term support for the economy with a firm commitment to fiscal consolidation in the medium term
Table Of Contents
Cover; Contents; I. The Context; II. The Outlook; Boxes; 1. Main Policy Measures 2009; A. Export Growth; B. Labor Market; 2. Why has Germany's Employment Held Up so Well?; C. Credit-Growth Link; 3. Bank Balance Sheets and the Recovery; D. Potential Growth; E. Inflation; 4. The Effects of the Crisis on Potential Growth; III. Fiscal Policy: From Stimulus to Consolidation; 5. Car-Scrapping Program; IV. Financial Sector; A. Completing the Banking Consolidation; 6. Fiscal Spillovers in the Euro Area; 7. The German Financial Market Stabilization Fund; B. The Financial Stability Framework
Literary Form
non fiction
"March 2010."
Physical Description
1 online resource (59 p.)
Specific Material Designation
Form Of Item

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