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Germany

Interview with Bundesbank's Weber

In an interview published on Saturday 10 September Deutsche Bundesbank president Axel Weber said Germany could learn a lot from Britain's success in reducing unemployment to such low levels.

Weber says ECB to weigh Katrina impact

The European Central Bank is watching the economic impact from Hurricane Katrina closely but it is too early to say how it might affect interest rate policy, ECB Governing Council member Axel Weber said in a speech.

Deutsche Bundesbank Monthly Report, August 2005

The Deutsche Bundesbank published the English version of its August 2005 Monthly Report on 6 September. The Bundesbank said general weak economic growth in the EU, rather than discrepancy in GDP growth rates, is likely the "real reason for widespread…

More ECB dialogue wanted by France

France called for a more "resolute dialogue" between the eurozone's politicians and the European Central Bank on Tuesday 30 August, saying that fiscal and monetary policy must be better co-ordinated if faster economic growth is to be achieved.

What remains of the SGP?

Franz-Christoph Zeitler, a member of the executive board of Deutsche Bundesbank, delivered a speech at the Salzburg seminar, a high-profile meeting place of international leaders, at which raised the question "What remains of the Stability and Growth…

Deutsche Bundesbank Monthly Report, July 2005

The Deutsche Bundesbank published the English version of its July 2005 Monthly Report on 9 August. Germany's economy probably did not grow in the second quarter as negative net exports offset stronger domestic demand, the report said.

Germany's Clement says ECB rate cut overdue

German Economy Minister Wolfgang Clement has criticised the European Central Bank for failing to give the region's economy a boost by cutting rates at a time when conditions would have been more easily able to cope with relaxation of monetary policy.

Deutsche Bundesbank Monthly Report, June 2005

The Deutsche Bundesbank published the English version of its June 2005 Monthly Report on 18 July. The report said trade restrictions imposed against China could not be the right answer, as industrial countries derive large advantages from such trade.

Bundesbank's Weber on the IMF

In closing remarks to the Joint IMF-Bundesbank Symposium given on 8 June, Axel Weber of the Deutsche Bundesbank said the IMF is an indispensable engine to improve the functioning and stability of the international monetary system.

Bundesbank's Weber on bank relationships

In the speech 'Bank relationships, financial integration, and monetary policy' given on 3 June, Axel Weber of the Deutsche Bundesbank said traditionally continental European financial systems have been dominated by bank relationships and credit financing.

Deutsche Bundesbank Monthly Report, May 2005

The Deutsche Bundesbank published the English version of its May 2005 Monthly Report on 16 June. The report said the ECB's monetary policy does not pose an obstacle to economic growth in Germany, where the pace of recovery is slowing down in the second…

Former Buba president takes job at Russian bank

The former head of Germany's Bundesbank, Ernst Welteke, who resigned in April last year after criticism for accepting a free hotel stay from a commercial bank, has been appointed independent board member at a bank in southern Russia, Russian media…

Bundesbank's Weber: Let us face up to the risks!

In the speech 'Let us face up to the risks!' given on 28 May, Axel Weber of the Deutsche Bundesbank said there is no contradiction between the reasonable performance of central banks in recent decades and the impression that they face formidable risks…

Bundesbank's Remsperger on macroeconomic risks

In the speech 'Macroeconomic risk and policy responses' given on 27 May Hermann Remsperger of the Deutsche Bundesbank said few central bankers would dispute the need to firmly anchor long-run inflation expectations at a low level. However, there may be…

Deutsche Bundesbank Monthly Report, April 2005

The Deutsche Bundesbank has published the English version of its April 2005 Monthly Report. Germany's economy returned to growth in the first quarter of this year with exports continuing to underpin expansion as domestic demand remained weak.

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