GERMAN POLICY WITH REGARD TO THE GLOBAL FINANCIAL CRISIS AT THE BEGINNING OF THE 21ST CENTURY (Niemcy w obliczu globalnego kryzysu finansowego na poczatku XXI wieku)
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The article presents the situation of Germany against a background of the present economic crisis having the features of a global one. The author tries to assess the present events searching for analogies to the great crisis of the nineteen thirties when Germany plunged into hyperinflation. Another breakthrough was the crisis of the nineteen seventies and the crisis of the Japanese banking sector of the eighties. Against this background, the author critically assesses financial manipulations in the world's finance at the beginning of the 21st century and the irrationality of the so-called new financial engineering. Finally, the author presents activities undertaken by the German government with Angela Merkel as its Chancellor. The author highlights the necessity of strengthening the world's finance regulation standards which escaped from any rational control whatsoever.
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