BERLIN – The great revolution of the Germany Model begins, with the blessing and the support of the economic reforms launched by the red-green government. The supervisory board of Dresdner Bank (third German merchant bank), which met yesterday afternoon in Frankfurt, approved the institute’s purchase offer from Allianz, the leading European insurance group. This will create a mixed multi-financial bank-insurance giant, headquartered in Munich where Allianz is itself. And since the agreement involves an exchange of shares between Allianz and Muenchener Rueck, the world’s leading reinsurance group (Allianz will sell its share in the large Bavarian bank Hypovereinsbank, taking over the shares of Dresdner that Muenchener holds), a second major financial center will be created simultaneously mixed bank-insurance company always based in the Bavarian capital. Which at this point comes to acquire a growing alternative role in Frankfurt as a business metropolis.