Frankfurt, known as the Bavarian Finance Capital, is a modern, cosmopolitan and welcoming city that has managed to both conserve its traditions and open its door to a cutting-edge business world.
According to Mario Draghi, the Italian leader of the European Central Bank, the Eurozone can now exhale.
Born just two years after the end of World War II into a broken country on the losing side of the war, Mario Draghi instinctively understands that the instability and hardship caused by en masse unemployment and uncontrolled inflation can be dangerous for even the most deep-rooted democracies.
The European Central Bank’s singular mandate is to maintain price stability within the Eurozone. The bank was launched in 1999 as a political and economic initiative in which governments kept full individual authority to spend and borrow, even as one monetary system was put in place for the entire bloc.
Today the ECB is facing major problems and integration is the most accepted approach towards recovery.