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The economy of Germany is a highly developed social market economy. [24] It has the largest national economy in Europe, the third-largest by nominal GDP in the world, and fifth by GDP (PPP). Due to a volatile currency exchange rate, Germany's GDP as measured in dollars fluctuates sharply.
The German head of state is the federal president. As in Germany's parliamentary system of government, the federal chancellor runs the government and day-to-day politics, while the role of the federal president is mostly ceremonial. The federal president, by their actions and public appearances, represents the state itself, its existence, its ...
t. e. The Federal Cabinet (‹See Tfd› German: Bundeskabinettpronounced [ˈbʊndəskabiˌnɛt] ⓘ), or according to the German Basic Law, the Federal Government (‹See Tfd› German: Bundesregierung), is the chief executive body of the Federal Republic of Germany. It consists of the Federal Chancellor and cabinet ministers.
The Scholz cabinet (German: Kabinett Scholz, pronounced [kabiˈnɛt ʃɔlt͡s] ⓘ) is the current cabinet of Germany, led by Federal Chancellor Olaf Scholz.The cabinet is composed of Scholz's Social Democratic Party, Alliance 90/The Greens and the Free Democratic Party, an arrangement known as a "traffic light coalition" in Germany after the parties' traditional colours, respectively red ...
The war and the treaty were followed by the hyper-inflation of the early 1920s that wreaked havoc on Germany's social structure and political stability. During that inflation, the value of the nation's currency, the Papiermark, collapsed from 8.9 per US$1 in 1918 to 4.2 trillion per US$1 by November 1923.
History of Germany. The history of Germany from 1990 to the present spans the period following the German reunification, when West Germany and East Germany were reunited after being divided during the Cold War. Germany after 1990 is referred to by historians as the Berlin Republic (Berliner Republik).
The Federal Ministry for Economic Affairs and Climate Action (‹See Tfd› German: Bundesministerium für Wirtschaft und Klimaschutz, pronounced [ˈbʊndəsminɪsˌteːʁiʊm fyːɐ̯ ˈvɪʁtʃaft ʊnt ˈkliːmaˌʃʊt͡s] ⓘ), abbreviated BMWK (was BMWi), is a cabinet-level ministry of the Federal Republic of Germany. It was previously ...
The Deutsche Bundesbank (pronounced [ˈdɔʏtʃə ˈbʊndəsˌbaŋk], lit. 'German Federal Bank', colloquially Buba, [2] sometimes alternatively abbreviated as BBk or DBB) is the German member of the Eurosystem and has been the monetary authority for Germany from 1957 to 1998, issuing the Deutsche Mark (DM). It succeeded the Bank deutscher ...