Germany
Bundesbank comments annoy German officials
The German government expressed annoyance at the Bundesbank on Thursday 21 October following a press report which suggested the German central bank was sceptical about Berlin's growth forecast for next year.
Remsperger on FDI and the Deutsche Bundesbank
In the a on 'FDI and the Deutsche Bundesbank' given on 8 October, Hermann Remsperger of the Bundesbank said the German economy has been one of the driving forces behind the globalisation process. The diverse and ever-changing transmission mechanisms of…
Buba's Weber on the stability and growth pact
In a speech given on 27 September, Bundesbank president Axel Weber said that in his opinion the provisions of the Stability and Growth Pact are fundamentally appropriate. However, they have not always been enforced rigorously enough in the past.
Buba's Stark sees risk to growth from oil price
Bundesbank Vice-President Juergen Stark has said in an interview that record oil prices pose a greater risk to the euro region's economic growth prospects than they do to inflation.
Trichet note change sparks forgery claims
Berlin police have reassured citizens worried about an unfamiliar signature on their new euro notes that the money is genuine, news agencies report.
George says France, Germany right to flout pact
Lord George, the former Bank of England governor, has hit out at the European Central Bank in an interview to be published this week, saying that its recent actions are damaging confidence in the eurozone's monetary policy.
Oil to affect growth not inflation says Eichel
German Finance Minister Hans Eichel said the increase in oil prices will have a stronger effect on economic growth in Germany than on the country's inflation rate.
Deutsche Bundesbank Monthly Report, August 2004
German business confidence dropped for the third month in four in August and the number of unemployed rose to the highest since May of last year. The surge in oil prices to record levels this year may further delay a recovery in consumer spending, the…
Eichel raps Bundesbank over stability pact
German Finance Minister Hans Eichel rapped the Bundesbank on Friday 10 September for its recent criticism of the EU's proposed changes to the stability and growth pact in a press release titled "Do not weaken the Stability and Growth Pact".
Bundesbank statement on EC proposals
Responding on Tuesday 7 September to the European Commission's proposals for reform of the Stability and Growth Pact, the Bundesbank said it believed that instead of strengthening the Pact, the proposed changes would have a "generally detrimental" effect…
EU budget plans would hurt ECB policy, says Buba
The Bundesbank said that the European Commission's intention to relax budget rules would damage the European Central Bank's ability to set interest rates in the eurozone, according to Bloomberg, which quoted an email.
Buba's Stark sceptical on budget pledge
The Bundesbank believes the German public deficit, set to exceed EU limits for the third year in a row this year, will again be higher than the European Stability and Growth Pact allows next year, the financial daily Boersen-Zeitung reported.
Germany's Eichel : no more budget cuts yet
German Finance Minister Hans Eichel said on Sunday 8 August that the economic recovery was not yet firmly established enough for him to impose more budget cuts, and that he would make added savings only when growth was more sustained.
Deutsche Bundesbank Monthly Report, July 2004
The Deutsche Bundesbank published the English version of its July 2004 monthly report on 5 August. June saw a slowdown in the rise in consumer prices, with the general price level falling slightly in seasonally adjusted terms.
OECD says Germany unlikely to meet deficit targets
Germany is unlikely to meet its fiscal deficit targets in 2004 and 2005, and its growth forecast "appears to be on the optimistic side" the OECD said in a report on the German economy.
Bundesbank adopts Autonomy data package
The Deutsche Bundesbank is to deploy technology from Autonomy to run an advanced information retrieval system for 12,000 employees.
Bundesbank's Weber on sixty years of Bretton Woods
In a speech on 'Sixty years of Bretton Woods: back to the future?' given on 23 July, Axel Weber of the Bundesbank said over the years the IMF has repeatedly expanded its policy of lending to debtors that are in arrears to the private sector (LIA policy)…
Weber: German economy has 'turned the corner'
The German economy has performed better than expected in the second quarter, with GDP growth estimated at about 0.5 pct from the first quarter, when it grew 0.4 pct from the previous quarter, Bundesbank president Axel Weber said.
Stark- EU not ready for single financial regulator
The European Union is not ready for a single financial regulator, according to a newspaper article by Bundesbank Vice President Juergen Stark.
Bundesbank introduces new code of conduct
The Deutsche Bundesbank announced this week that it was introducing a code of conduct for members of its executive board. The new rules oblige the eight board members to hold office in a way that is "independent and avoids bias and personal gain."
ECB's Weber: No inflation pressure in medium-term
The European Central Bank "does not currently see inflationary pressures in the medium term" in the 12-country eurozone, Bundesbank President Axel Weber said in a newspaper interview published on Thursday 22 July.
Deutsche Bundesbank Monthly Report, June 2004
The Deutsche Bundesbank has published the English version of its June 2004 monthly report. The discernible upturn in the economy during the second half of 2003 became somewhat stronger in the first quarter of this year, the report said.
Bundesbank reports German economy picking up
Growth of the German economy, the biggest in the euro zone, is likely to have outpaced the first-quarter rate of 0.4% in the second quarter of the current year, the Bundesbank said on Monday 19 July.
Bundesbank urges Brussels to 'reactivate' pact
The Bundesbank urged the European Commission in Brussels Tuesday to "reactivate" the European Stability and Growth Pact in its current form, following a landmark ruling on the EU's strict budget rules by the European Court of Justice.