On the 1st of July, Germany will take over the rotating presidency of the Council of the European Union. Normally, holding the chair of the council is not something that is considered to be a power position, especially since the Prime Minister of the given country is not chairing the European...

In this paper, we investigate the claim that German banks are special compared to banks in other industrialised economies. We show that banks are of particular importance to the German economy?as financial intermediary, as lender to the corporate sector, and as part of the corporate governance...