The global financial crisis has also affected Germany, albeit to a lesser extent than the USA and other Eurozone countries. The main problem for the German financial sector is not bad loans but a decline in inter-bank loans, falling confidence in the banking system, and the real possibility of economic recession those may entail. The comprehensive rescue plan announced by the government, for which 500 billion euros has been allocated, gives hope that the deadlock will be broken - although it is unclear when. The financial crisis in Germany and the related downturn in the country's economy will have a negative effect on the economic growth in Poland; however not to a significant extent. The present situation is also highly likely to have political implications for the results of the upcoming elections in Germany.
