Economic Region
Germany as a federation is a polycentric country and does not have a single economic center. Only 3 of Germany's 100 largest companies are headquartered in the capital Berlin. The stock exchange is located in Frankfurt am Main, the largest Media company (Bertelsmann AG) is headquartered in Gütersloh; the largest car manufacturers are in Wolfsburg, Stuttgart and München.
Germany is an advocate of closer European economic and political integration. Its commercial policies are increasingly determined by agreements among European Union (EU) members and EU single market legislation. Germany introduced the common European currency, the euro on 1 January 2002. Its monetary policy is set by the European Central Bank in Frankfurt.
Read more about this topic: Economy Of Germany
Famous quotes containing the words economic and/or region:
“A society which is clamoring for choice, which is filled with many articulate groups, each urging its own brand of salvation, its own variety of economic philosophy, will give each new generation no peace until all have chosen or gone under, unable to bear the conditions of choice. The stress is in our civilization.”
—Margaret Mead (1901–1978)
“America lives in the heart of every man everywhere who wishes to find a region where he will be free to work out his destiny as he chooses.”
—Woodrow Wilson (1856–1924)