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:
“Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.”
—Augustus Y. Napier (20th century)
“In that region there were shepherds living in the fields, keeping watch over their flock by night. Then an angel of the Lord stood before them, and the glory of the Lord shone around them, and they were terrified.”
—Bible: New Testament, Luke 2:8,9.