Today, our study group ventured into Frankfurt, which is not only the financial centre of Germany but also the largest financial centre in continental Europe (impressive). In addition, it is home to the Frankfurt Stock Exchange, the German Federal Bank, and many large commercial banks.
Our Europe Study Tour group had the extremely privileged opportunity to visit one of the world’s most important central banks – the European Central Bank (ECB). The ECB is responsible for administrating the monetary policy on behalf of the 17 EU Euro Area member states.
We spent a large part of our day on the 36th floor at the ECB building and had the privilege of meeting with a number of ECB officials. First was Mr. Phillippe Rispal from the Press and Information Division. We gained valuable insight into the inner workings and functions of the ECB. Our second talk was with Mr. Thomas Westermann from the Euro Area Macroeconomic Developments Division. He presented information on the economic developments in the Euro area. We are very grateful for the time you took to answer all our questions today. And a huge THANK YOU to Ms. Iris Mayer for organizing our visit to the ECB – what a wonderful learning experience it was for all of us!
Before our drive back to Koblenz, we winded down the day with some free time to explore Frankfurt and enjoyed some sightseeing, shopping, and ……fabulous pretzels! Enjoy our snapshots of Frankfurt and stay tuned for more of our unfolding adventures.
We are spending the next two days at the WHU – Otto Beisheim School of Management (or WHU Vallendar) which is a German business school. The blogging team will be back in a few days to give you an update of our wonderful trip.
Gute Nacht – Patricia, Thai, Anju and Sean