Germany
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…
Transcript of interview with Ernst Welteke
FEATURE - The FT spoke to Ernst Welteke, president of the Deutsche Bundesbank, on his visit to London on Monday 28 April. The interview was published on Wednesday and here we reproduce it in its entirety. He was sceptical about plans to publish the…
Bundesbank's new board members approved
GERMANY - The constitution of the Deutsche Bundesbank's new board was settled Friday, a month after lawmakers agreed to adapt the central bank's structure to the era of the European single currency.
ECB gold reserves declined to 26 April
GERMANY - The European Central Bank said Tuesday that the Eurosystem's net reserves in gold and gold receivables declined by EUR306 million to EUR139.5 billion in the week ended 26 April.
ECB's Noyer sees gold's role as reserve declining
GERMANY - Outgoing European Central Bank Vice President Christian Noyer said on Tuesday that the role of gold in central bank reserves was declining but was still part of central bank credibility.
ECB report says conditions right for recovery
GERMANY - European Central Bank chief Wim Duisenberg said on Tuesday conditions were right for a euro zone economic recovery although there was still uncertainty about its strength.
ECB reform to cap votes not council size - Report
GERMANY - The European Central Bank wants to limit, through rotation, the number of governing council members that can vote on monetary policy after euro zone enlargement, a German newspaper reported on Thursday.
Thin skin - Don't mess with Buba
FEATURE - The upcoming German elections appear to have put German Chancellor Gerhard Schroeder in a foul and vindictive mood. Some months ago, there was the chancellor's surprisingly undiplomatic "How Dare You" response to Brussels' warning that Germany…
Deutsche Bundesbank Annual Accounts for 2001
PRESS RELEASE - Deutsche Bundesbank Annual Accounts for 2001, 11 April.
Deutsche Bundesbank Press Release, 11 April
PRESS RELEASE - Appointment of external auditors of the annual accounts for 2002.
Deutsche Bundesbank, Annual Accounts 2001
REPORT - Annual Accounts of the Deutsche Bundesbank for 2001, Offprint from the Annual Report for 2001.
UK and Germany in banking supervision move
GERMANY - The German and British governments are combining forces to head off any move by the European Central Bank to take the leading role in banking supervision in the European Union.