Germany
Buba's Weber says Q1 growth high
Bundesbank President Axel Weber said on Tuesday 26 April that Germany's economic growth in the first quarter was likely the "strongest" in the year, and is estimated to have posted "roughly about 0.5 pct" GDP growth.
Bundesbank may cut further 1,100 staff
According to the Bundesbank's works council the German central bank is planning to cut a further 1,100 jobs to add to the 5,000 redundancies already announced.
Buba's Stark on changing global economic structure
In a speech on 'The changing global economic structure: a view from Europe' given on 14 April Jurgen Stark of the Deutsche Bundesbank said the future international role of the EU will depend on the speed and the results of the adjustment and reform…
Buba and German govt in united front after tension
The German government and the Bundesbank presented a unified image on economic matters following a meeting in Berlin called after reports of rising tensions over fiscal policy reforms.
Bundesbank opposed to IMF gold sale
The Bundesbank said Monday 4 April it firmly opposed the idea that the International Monetary Fund sell some of its gold reserves.
Bundesbank rejects claims of missed staff targets
The Bundesbank, Germany's central bank, has refuted newspaper reports this week stating that it will miss its planned staff reduction targets by a significant amount.
Deutsche Bundesbank Monthly Report, February 2005
The Deutsche Bundesbank has published the English version of its February 2005 Monthly Report. The report expressed cautious optimism on the outlook for German growth this year, despite the surprise contraction in gross domestic product in the final…
Euro reforms make economic sense - Eichel
German Finance Minister Hans Eichel said in an interview on Tuesday 22 March the deal easing the rules that underpin the euro means the pact can now be used in an economically smart, growth-oriented way.
Interview with Bundesbank's Weber
Speaking in an interview on Wednesday 16 March, Bundesbank president Axel Weber said with higher incomes resulting from an increase in 2006 German employment, there should be better consumption and thus a recovery in the domestic economy.
Bundesbank reports profit fall on dollar weakness
The German Bundesbank on Tuesday 15 March reported a net profit of A€676 million (US$904 million) for last year, a figure that came in far short of government budget projections as the weak dollar lowered the value of foreign-currency holdings.
Weber on challenges to convergence in larger EU
In the speech 'Challenges to convergence in the larger EU' given on 9 March, Axel Weber of the Deutsche Bundesbank pointed out that successfully coping with the growing diversity of the EU economy after enlargement requires that monetary, fiscal and…
Bundesbank Int'l central banking seminars 2005
The Deutsche Bundesbank has announced the programme for its international central banking seminars 2005. The seminars began in January and run throughout the year.
ECB policy 'appropriate' according to Tietmeyer
Former Bundesbank President Hans Tietmeyer said in an interview with Bloomberg television the European Central Bank's interest rates were at the right level and called on countries to respect for the European Union's rules on budget deficits.
Bundesbank's Weber visits Riksbank
The President of the Deutsche Bundesbank, Professor Axel A Weber, was due to visit the Sveriges Riksbank on Tuesday 22 February.
Bundesbank report optimistic on economy
The Bundesbank expressed cautious optimism on the outlook for German growth this year in its February report released on Monday 21 February, despite the surprise contraction in gross domestic product in the final quarter of 2004.
Deutsche Bundesbank Monthly Report, January 2005
The Deutsche Bundesbank published the English version of its January 2005 Monthly Report on 14 February. "The available indicators continue to suggest only weak overall production growth in the final months of last year," the bank said in the report.
Inflation differentials among euro area countries
In a paper presented at the joint American Economic Association session 'The Theory of Optimum Currency Areas Revisited' Hermann Remsperger of the Deutsche Bundesbank reviews the development, potential causes and macroeconomic implications of inflation…
Deutsche Bundesbank Monthly Report, December 2004
The Deutsche Bundesbank's December 2004 Monthly Report said growth in the German economy faltered in the third quarter of 2004.
Germany expects few ex rate developments at G7
The German government does not expect any significant developments on exchange rate policies at the upcoming Group of Seven (G7) meeting of industrialised nations, AFX quoted sources as saying.
Markets focus too much on dollar says Weber
The financial markets are putting too much focus on the declining dollar, Bundesbank President Axel Weber said Friday 28 January.
Buba's Stark says pact revamp may push up rates
Bundesbank Vice-President Juergen Stark said in an article that proposals to revamp European Union budget rules may lead to higher interest rates across the eurozone.
Eichel says EU 3% deficit limit to stay in revamp
German Finance Minister Hans Eichel said on Monday 17 January that planned changes to European Union rules that limit budget deficits and debt levels in the euro region won't alter the two existing numerical thresholds.
Faster growth may lead to higher rates, says Weber
European Central Bank council member Axel Weber said that the central bank may have to increase interest rates if the eurozone economy expands more quickly than it expects.
Profit probably near to zero says Bundesbank
The Bundesbank said its profit was probably close to zero last year following the dollar's fall to a record low against the euro cutting the value of the central banks dollar denominated assets.