Germany
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.
Bundesbank warns of small coin shortage
in a press release of 8 June the Bundesbank said on there is a shortage of small-denomination coins in many euro-area countries. A particularly relevant factor seems to be that people are setting aside the small coins given them in change rather than…
No need for ECB to hike rates: Buba's Weber
Bundesbank president and European Central Bank governing council member Axel Weber said in an interview published at the weekend that available information indicates the ECB will not need to change its interest rates in the foreseeable future.
Weber says no plan for ECB rate increase
Although the Federal Reserve recently raised US interest rates, the European Central Bank does not see a change in eurozone interest rates in the foreseeable future, ECB Governing Council member and Bundesbank president Axel Weber said on Tuesday 6 July.
Deutsche Bundesbank Monthly Report, May 2004
The Deutsche Bundesbank has published the English version of its May 2004 monthly report. In the first few months of 2004 the global economic upturn grew both stronger and more widely based. The terrorist attacks in Madrid and the escalation of the…
Welteke settles for €25,000 fine
Ernst Welteke has agreed to pay 25,000 euros ($30,000)to charity to end a criminal probe into his conduct. Last week we reported his lawyers had rejected a demand of 50,000 euros saying the sum was "much too high".
Bundesbank board don't want new code of conduct
Some board members of the Bundesbank do not want to comply with a new code of conduct for the time being, following the scandal surrounding former president Ernst Welteke, and the latest one reportedly involving public money to build luxury villas for…
Germany draft Weder onto 'Five Wise Men' panel
German Chancellor Gerhard Schroeder's cabinet approved Beatrice Weder di Mauro, a university economist, as the first woman and first foreigner to join the government's council of economic advisers, the so called "Five Wise Men".
Weber says ECB concerned on oil price effect
Bundesbank president Axel Weber has said the European Central Bank is concerned about the possible secondary inflationary effects of the higher oil price.
Report says Welteke rejects fine as too high
Ernst Welteke, who resigned as president of Germany's Bundesbank after accepting hospitality, won't pay 50,000 euros ($60,000) to end an inquiry by the Frankfurt public prosecutor, Welt am Sonntag reported.
Report says Buba used public money to build villas
For decades the Bundesbank used public money to build luxury villas for some of its top officials, German business daily Handelsblatt reported.
Smallest euro coins running short- Bundesbank
Germany's central bank said on Tuesday 8 June that Europeans are refusing to pay with the small copper-coloured euro coins and letting them lie unused at home, leading to shortages in several eurozone countries.
Germany's Weber on financial stability
In a speech on 'Financial Stability and Globalisation' at the Second Conference of the Monetary Stability Foundation given on 3 June, Axel Weber of the Bundesbank said it is his wish that the conference will ultimately help to improve understanding of…
bundesbank's Remsperger on real-time data
In a speech on 'Real-Time Data and Monetary Policy' given on 28 May, Hermann Remsperger of the Bundesbank said that research on real-time data is of utmost importance for central banks.
Former IMF chief elected German President
Former head of the International Monetary Fund, Horst Kohler, was narrowly elected Germany's new president last Sunday, 23 May.
Fabritius on the Deutsche Bundesbank in transition
In aspeech on 'The Deutsche Bundesbank in transition' given on 4 May, Dr Hans Georg Fabritius of the Bundesbank said the Deutsche Bundesbank finds itself in the midst of a far reaching process of organisational change. In future, it will be able to…
Bundesbank's Weber says banking mergers make sense
Bundesbank President Axel Weber said promoting mergers in the German banking industry may ``make sense'' as such combinations can be cheaper to carry out than partnerships with banks outside the country.
Bundesbank's Weber to discuss deficit with Eichel
Bundesbank President Axel Weber said he will meet with German Finance Minister Hans Eichel on Friday to discuss ways to avoid violating European Union budget rules for a fourth straight year in 2005.