And Frankfurt airport – as the European leader in air freight – was able to handle the unprecedented logistical challenge of transporting millions of life-saving doses worldwide. It would not be excessive to say that regional connections in FrankfurtRhineMain have profoundly affected the globe. Adaptation and innovation have proven their value.
What happens to the financial system affects everyone!   The defunct banks had reached a point where they were no longer able to operate as banks. 4 of the 7 had been found to be significantly undercapitalised as of the 2015/16, and subsequently became insolvent when their capital was further impaired due to bad loans and other irrecoverable assets.