From the Fuggers to the Fuggers? Can a sovereign public finance system exist in our generation? : Editor-in-Chief ’s Welcome

The Thirty Years’ War is also referred to as the world war of 17 th century by historical science; it was one most devastating conflicts in Europe. Larger destruction later caused only Napoleonic Wars, and even First Second World Wars. Although usually a religion based on unrest between Catholics Protestants, main fault lines ran within Holy Roman Empire imperial power, striving for strengthening, prince-electors challenging absolutism, while Habsburgs Bourbons were each other’s rivals European hegemony. effects include changes state organisation finance, which brought about need larger, better trained equipped armies mercenaries. 1648 Peace Westphalia, ending War, has been kept memory gave way emergence sovereign states. However, significant effect recognition fact that fighting wars gaining power economic influence required robust public finance system, or, if did not exist, banks financed infinitely. That is, military success depend so much heroism valour soldiers but rather quality equipment army abundance resources state’s coffers backing them or loans taken out state.