Germany
Germany clears way for new bank rules
GERMANY - The major remaining barrier to a global shake-up of bank reserves has been removed after the German government agreed to a politically-sensitive compromise over lending to small companies.
Speech by Wim Duisenberg, ECB President, 2 Jul
SPEECH - Duisenberg said in his introductory statement to the European Parliament "I have seen some worrying developments in fiscal policy in some countries in the last few months," adding that it was vital that all countries had their budgets close to…
ECB Press Release
PRESS RELEASE - Visit of the Prime Minister of Australia, 1 July.
ECB Press Release
PRESS RELEASE - Publication of papers of the workshop 'The role of policy rules in the conduct of monetary policy', 1 July.
Duisenberg steps up ECB anti-inflation rhetoric
GERMANY - European Central Bank President Wim Duisenberg on Tuesday warned against the risks of inflation, keeping markets guessing on the eve of a bank policy meeting about whether it would raise interest rates.
Deutsche Bundesbank Monthly Report, May 2002
REPORT - Germany's central bank has released its Monthly Report for May 2002.
Eurosystem currency reserves up by 1.3bn eur
GERMANY - The ECB said eurosystem net foreign currency reserves rose 1.3bn eur to 257.6bn in the week ending June 21. The rise was due to an increase of 3.7bn eur in receivables from the IMF, whereas other holdings in foreign currency decreased by 2.5bn…
Issing - Stability pact talk extremely detrimental
GERMANY - The debate on modifying the EU's stability pact is "extremely detrimental," said European Central Bank chief economist Otmar Issing in an interview with German weekly magazine WirtschaftsWoche.
Weak demand damaged German economy says Welteke
GERMANY - Ernst Welteke, governor of the Bundesbank, believes that a recovery is on its way in the German economy, but that limp consumer demand is hindering its pace. He said demand for German exports and a stronger global economy would help "the German…
ECB raises inflation forecast
GERMANY - The European Central Bank on Thursday raised its projection for inflation this year, underlining pessimism about prices that suggests the bank may raise interest rates later this year.
Bundesbank Monthly Report, April 2002
REPORT - The Bundesbank has issued its monthly report for April 2002.
Bundesbank to close 56 branches by 2007
GERMANY - The Deutsche Bundesbank has committed itself to cutting back on its operations which will involve shedding over 10% of its staff. It announced on Thursday that it would close down 56 of its smaller branches within the next five years, partly…
Papademos to make ECB debut at Eurogroup as No.2
GERMANY - Incoming European Central Bank Vice President Lucas Papademos will make his debut as the bank's number two at the Eurogroup meeting of euro zone finance ministers in Luxembourg on Monday.
Bundesbank Monthly Report
REPORT - Deutsche Bundesbank Monthly Report, April 2002.
Eurozone current account moved to surplus in March
GERMANY - The euro zone had a current account surplus of 3.7 billion euros (3.4 billion dollars) in March, compared with a deficit of 600 million euros a year earlier, data published by the European Central Bank on Wednesday showed.
Germany's recession at an end
GERMANY - Economic growth has returned to Europe's biggest economy, Germany after six months of recession.
German economy grows slightly
GERMANY - Germany's economy grew slightly in the first quarter of 2002, pulling the country out of a mild recession, the country's central bank said Tuesday.
Poll says most Germans want rid of euro
GERMANY - A UK newspaper reports that the party is over for the euro in Germany. A majority of the country which more than any other embraced the concept and birth of the single currency now longs for the return of the Deutschmark it is claimed.
Eurosystem reserves down 0.1 bln eur to 10 May
GERMANY - The European Central Bank said eurosystem net foreign currency reserves fell 0.1 bln eur to 258.2 bln in the week ending 10 May on account of customer and portfolio transactions.
Duisenberg 'stands in' for the euro at awards
GERMANY - An awards ceremony, whose previous winners include Tony Blair and Helmut Kohl, gave Wim Duisenberg a chance to prove he is not just a self-effacing, mop-haired central banker, said the FT on Thursday.
Noyer - euro upside not just due to dollar value
GERMANY - European Central Bank vice president Christian Noyer said the overvaluation of the US dollar on the currency markets is not the only reason why he is confident about the euro's upside potential.
Welteke - Pound must fall before euro entry
GERMANY - The president of the Bundesbank, Ernst Welteke, has said he thinks the pound would have to be devalued before Britain could join the single currency.
ECB Press Conference
PRESS CONFERENCE - Transcript of the questions asked and the answers given by Dr. Willem F. Duisenberg, President of the ECB, and Christian Noyer, Vice-President of the ECB, 2 May.
Duisenberg - ECB wants supervision structure role
GERMANY - European Central Bank president Wim Duisenberg said the ECB wants to play a key role in any move to increase cooperation between central banks and other financial sector supervisory authorities in the euro zone. He also spoke on Le Pen's threat…