European Parliament Library

Germany :, 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germany

This 2008 Article IV Consultation highlights that the financial market turbulence has exposed vulnerabilities in the German financial system. The German consumer’s conservatism under the current uncertain conditions will amplify the export slowdown, and investment decisions are likely to be postponed. Executive Directors have welcomed the German authorities’ continuing priority to maintain financial stability and stabilize the real economy. Directors have also noted that the global financial crisis has highlighted important vulnerabilities of the German financial system, which could be intensified by the economic slowdown in Germany
Table Of Contents
Cover; Contents; Executive Summary; I. The Context; II. Near-Term Outlook; A. Shocks to Growth; B. Macro-Financial Linkages; C. Spillovers; D. Inflation Trends; III. Risks to Financial Stability; A. Funding Pressures; B. Capital Adequacy; IV. Response to the Crisis; A. The Stabilization Package; B. Strengthening the Safety Net; C. Prudential Regulation and Supervision; V. Competitiveness; VI. Balancing Tensions in Public Finances; A. Fiscal Stimulus: Size and Composition; B. Ensuring Long-Term Fiscal Sustainability; VII. Staff Appraisal; Boxes
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (66 p.)
Specific Material Designation
Form Of Item

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