Germany's dwindling share of the euro

Following a redistribution of the European Central Bank's share capital, the Bundesbank now owns only 23.4% of the ECB. According to CentralBankNet's calculations this dwindling shareholding means a loss of seigniorage income of about €60-70m each year for Germany.

Following the European Central Bank's statutory five-year review of its share capital, the Bundesbank has had is share holding in the ECB trimmed to just 23.4%. Becuase seigniorage income (the return on the assets backing the euro