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Article: The Bundesbank: The Bank that Rules Europe.
- Article from:
- Contemporary Review
- Article date:
- August 1, 1993
- Author:
CopyrightCOPYRIGHT 1993 Contemporary Review Company Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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David Marsh. Heneimann. 1992. 359pp. 0 434 45116 9.
From at least the seventeenth century there have been corporate institutions which have had incomes, personnel and power beyond that of some sovereign states. The Dutch East India Company is an example from the eighteenth century; General Motors from the twentieth. The Bundesbank belongs to this select number. It can also be linked to the pre-requisites of a united Europe, which have existed at least since the time of Trajan: law, bureaucracy, citizenship and currency. These are the touchpieces, the four tests as to whether Europe was at any time truly united.
The present Bundesbank is the lineal ...