How the German government responded to the financial, economic and fiscal crises

Walter Kickert

Public Money & Management, 2013, vol. 33, issue 4, 291-296

Abstract: This paper explains the German government's response to the financial, economic and fiscal crises. It covers the financial crisis in 2008 when banks were supported (SoFFin), the economic crisis in 2009, and the fiscal crisis of increasing state debts and budget deficits which caused the German government to cut spending (Sparpaket) in 2010. The author looks at the contents of the government's responses, but also at the political and administrative aspects of the government's decision-making processes.

Date: 2013
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DOI: 10.1080/09540962.2013.799836

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