Germany
Euro banknotes fail test of time
GERMANY - Germans were among the swiftest of Europeans to detect that the euro was dangerous to their wealth. Now it seems the replacement to the mighty mark just does not cut it in the rough and tumble of everyday life.
ECB grows more cautious on growth outlook
GERMANY - A shift of stance on inflationary pressures by the European Central Bank on Thursday reflected growing pessimism on the outlook for economic growth in the eurozone.
ECB report euro notes proving tough to counterfeit
GERMANY - The new euro bank note has proved bad news for forgers: less than a tenth of the previous number of counterfeit notes in the eurozone has been detected in the first six months in which the new currency has circulated.
Interest rates in europe left unchanged
GERMANY - The European Central Bank on Thursday kept interest rates unchanged for the ninth month in a row amid uncertainty over the impact of turbulent financial markets and a stronger euro on Europe's slowly recovering economy.
ECB Press Release
PRESS RELEASE - Monetary policy decisions, 1 August.
BIS Crockett warns on 'knee-jerk' accounting cures
GERMANY - Governments should not react with 'knee-jerk' regulation to soothe public anger over accounting scandals, such as Enron and World Com, and should instead take a more considered, coordinated approach, the head of the BIS said in a newspaper on…
Euro-zone current account moves to surplus in May
GERMANY - The current account for the 12-nation euro zone showed a surplus of 100 million euros (dollars) in May compared with a deficit of 2.2 billion euros in May 2001, the European Central Bank reported Friday.
Euro members told not to over inflate accounts
GERMANY - European countries which have ditched their national currencies in favour of the euro have been told they cannot use unreturned national cash to improve their budgets.
ECB Press Release
PRESS RELEASE - Award for Dr. Willem F. Duisenberg, President of the European Central Bank, 24 July.
Speech by Wim Duisenberg, ECB President, 24 July
SPEECH - On receiving an award, the Grand Cross 1st class of the Order of Merit of the Federal Republic of Germany, Duisenberg said "this expression of confidence makes the responsibility I am bearing as President of the ECB indeed feel somewhat lighter".
ECB Press Release
PRESS RELEASE - Publication of "Measurement issues in European Consumer Price Indices and the conceptual framework of the HICP", 22 July.
Deutsche Bundesbank Monthly Report, June 2002
REPORT - Germany's central bank has published its Monthly Report for June 2002. The report says the stabilising of the German economy as a whole led into a slight recovery in the first quarter of this year but that the upturn in the first quarter was not…
Trichet affair could hurt euro, says EC president
GERMANY - European Commission president Romano Prodi said in a newspaper interview Saturday that the legal problems of French Central Bank Governor Jean-Claude Trichet, tipped to become the next head of the European Central Bank (ECB), could pose a…
Euro did cause price prices - Eurostat
GERMANY - The changeover to euro banknotes and coins might have added as much as 0.2 percentage points to eurozone inflation in the first half of this year, Eurostat, the European Union's statistical agency, said on Wednesday.
Deutsche Bundesbank - Annual Report 2001
ANNUAL REPORT - The Deutsche Bundesbank has published its Annual Report for the year ended 2001.
Speech by T Padoa-Schioppa of the ECB, 10 July
SPEECH - In a speech titled 'EU structures for financial regulation, supervision and stability' to the Committee on Economic and Monetary Affairs of the European Parliament, Padoa-Schioppa said "intellectually" a single, pan-European financial services…
ECB Monthly Bulletin, July 2002
REPORT - The European Central Bank published its July 2002 Monthly Bulletin on 11 July. The ECB reiterated its current wait-and-see stance on interest rates, saying inflation remained a concern but mixed signals about the state of the euro zone economy…
European Central Bank Consultation Announcement
ANNOUNCEMENT - Oversight standards for euro retail payment systems, 8 July.
Trichet backed as Duisenberg's successor at ECB
GERMANY - Edmund Stoiber, currently leading to race to become German chancellor, issued strong backing for Bank of France governor Jean Claude Trichet as the best successor to Wim Duisenberg as European Central Bank president. Paris prosecutors recently…
Eurosystem currency reserves unchanged this week
GERMANY - The European Central Bank said eurosystem net foreign currency reserves were virtually unchanged at 232.6 mln euro in the week ending 5 July.
ECB Press Release
PRESS RELEASE - Allotment amount of the longer-term refinancing operations in the second half of 2002, 10 July.
ECB won't discuss freeing up for ex reserves
GERMANY - Central bank reserves of foreign currency which have been seen as one answer to the Government's public finance problems are not up for discussion, the European Central Bank said Friday.
Speech by Fed Reserve Governor Ed Gramlich, 5 July
SPEECH - In a speech to the International Research Forum on Monetary Policy Gramlich said that central banks could use more research to help address certain policy questions, including those related to specific currency regimes and the short-run impact…
ECB holds rates steady
GERMANY - The European Central Bank's governing council decided on Thursday to leave the eurozone's benchmark interest rate unchanged at 3.25 per cent.