Life

Price Level

The Cost: Price Level in Germany

Probably even more than the country's advanced infrastructure, it is the legal, economic and political stability that have facilitated the development of the German economy.

The Bundesbank, Germany's central bank, has gained a large reputation as a fortress of stability. This means that prices and exchange rates have been kept stable and inflation low for a long period of time.  It has also enabled unions and employers to negotiate long-term collective wage agreements and contributed to Germany's stable growth.

It is advisable to open a bank account if you plan to stay for a longer period of time. This does not require much but choosing the right bank. Banks differ in services and fees.