The role of Germany in the innovative development of the EU: experience of crisis years
Abstract
The article studies the role of Germany in the innovative development of the EU during the last world economic and financial crisis of 2008-2009. The relevance of the study is determined by the fact that Germany, thanks to its competently formed innovation policy, the only one in the European Union managed to maintain the stability and growth of its national economy, and to maintain a high credit rating during the global crisis. The aim of the article is to analyze the role of Germany in the innovative development of the EU during the last world economic and financial crisis of 2008-2009.
The article concludes that despite the world economic and financial crisis, the German economy was the only one among the 27 EU economies, in particular in the euro area, to be reliable due to its correctly formulated innovation policy. Now Germany is entrusted with the reins of government to save the eurozone, as well as to pull other EU member states out of their debt hole
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