The global financial markets are extremely important for the prosperity of us all – despite the recent aberrations. The resulting financial crisis has prompted a return to normality, with lending standards, for example, now more stringent again. There is no question of a credit crunch, although loans will become more expensive – particularly for firms with a low credit standing. The idea of setting up a global financial watchdog to tackle the global financial crisis is unrealistic. So far the crisis has not dented the German upswing. The strong first quarter – buoyed by the labor market – is likely to help push this year’s growth up to 2.4 %. / Only available in German.