Germany
Welteke: Past rate cuts will still show effect
GERMANY - Current price developments in the euro zone are "positive", but past interest rate cuts have yet to fully show their effect, Deutsche Bundesbank President Ernst Welteke said Wednesday.
German recession confirmed
GERMANY - The German economy is officially in recession, according to official figures which have confirmed two successive quarters of contraction.
Bundesbank reform heads toward final hurdle
GERMANY - Germany's reform of the once mighty Bundesbank headed toward its final parliamentary hurdle on Wednesday but a last-minute change cast doubt on when the changes would take effect, parliamentary officials said.
Bundesbank reform likely despite state fears
GERMANY - The German government's reform of the Bundesbank should take place on schedule in May, despite regional states' fear they will lose their power to shape policy in Europe's monetary union, an official said on Monday.
Duisenberg sees global recovery, risks remain
GERMANY - European Central Bank President Wim Duisenberg said on Monday he expected a mild recovery of the global economy this year with euro zone growth reaching its long-term potential by the end of 2002.
Bundesbank - 10% D mark bills still in circulation
GERMANY - The amount of Deutsche mark bills still in circulation is about 10% of the level at the end of 2000, the Deutsche Bundesbank said Friday.
German sale plan triggers gold slump
GERMANY - The price of gold fell on 20 February 2002 following comments by the president of Germany's Bundesbank.
ECB eyeing council revamp ahead of enlargement
GERMANY - The European Central Bank is studying draft proposals on how the bank should be governed once several eastern European nations join the euro zone later this decade, a newspaper said on Wednesday.
Give Wadhwani a longer run at Bank
FEATURE - Sushil Wadhwani has denied a stock market rumour that he asked Gordon Brown to keep his seat on the Bank of England's Monetary Policy Committee after his three-year term expires in May.
Nations start line up for Washington rollover
UK - The announcement last week that Wim Duisenberg is to retire as head of the European Central Bank, and the comments by Bundesbank governor Ernst Welteke Tuesday that Germany may sell some of its gold, has revived industry speculation that the…
U.S. German wages risks to German upturn - Welteke
GERMANY - European Central Bank council member Ernst Welteke said on Monday an upcoming wage round and uncertainty about the U.S. economy were risks to an upturn of the Germany economy.
Speech by Jurgen Stark of the Bundesbank, 13 Feb
SPEECH - The speech was given on the presentation of the report "IT innovations and financing patterns: Implications for the financial system". The report was prepared by a Working Group of the Committee on the Global Financial System (CGFS) composed of…
ECB Feb bulletin - Reiterates Duisenberg remarks
GERMANY - The European Central Bank Thursday repeated that interest rates in the euro zone remain at an appropriate level and that it expects a gradual economic recovery this year.
EU wants central banker to follow Duisenberg
GERMANY - The European Parliament doesn't want a politician to succeed Wim Duisenberg as president of the European Central Bank, a newspaper reports.
Place your bets - Eddie George for ECB president
GERMANY - The governor of the Bank of England may be cautious about joining the euro currency club, but he already stands a slim chance of becoming its next president, according to spread betting firm Financial Spreads.
Welteke sees no need for rate cuts now - report
PORTUGAL - Current European Central Bank interest rates are appropriate and there is no need for a cut at this time, Bundesbank President and ECB governing council member Ernst Welteke said in a newspaper interview published Friday.
Noyer - Rate cut possible, strong dollar a worry
GERMANY - European Central Bank Vice-President Christian Noyer says a slight cut in interest rates depends on the speed of economic recovery and the behaviour of wage negotiators, the Boersen-Zeitung reports.
Decision on Noyer successor possible in March
GERMANY - A decision on the successor to European Central Bank Vice President Christian Noyer is possible at the forthcoming EU summit in March, the Boersen-Zeitung reports, citing EU currency affairs commissioner Pedro Solbes.
Faites vos jeux The ECB needs a new vice-president
FEATURE - A routine letter, says the European Central Bank. Maybe, say those who watch the ECB. But a reminder, still, about the fun in the next few months, with luck at the expense of some very important Frenchmen.
ECB sees gradual recovery in 2002, lower inflation
GERMANY - The European Central Bank said on Thursday the euro zone economy showed signs of a recovery later this year and reiterated inflation should drop safely below its two-percent ceiling.
ECB - Over 90% of banknotes now replaced by euro
GERMANY - The amount of euro banknotes in circulation has reached more than 90% of the estimated number needed to replace the national banknotes circulating in the euro zone in 2001, the European Central Bank said Friday.
Germany on brink of recession
GERMANY - The German economy is teetering on the brink of official recession, officials have said, after figures showed growth in 2001 slowing to its lowest level for eight years.
ECB's Issing sees 'tentative' signs of recovery
GERMANY - European Central Bank chief economist Otmar Issing said that there are "tentative" signs of a recovery in the euro zone economy, and that a "significant" upturn is possible in 2002.
New euros brings old coin windfall for beggars
GERMANY - The euro's launch may be causing headaches for cashiers and heartache for nationalists around Europe, but the single currency has dumped windfall profits into the laps of an unsuspecting group: beggars.