Germany
Germany 'is already in recession'
GERMANY - A day after news that the US entered a recession in March a leading economic think-tank has said Germany is already in a recession, and things will get worse later this year.
Welteke - UK, Denmark, Sweden welcome to join EMU
GERMANY - The UK, Denmark and Sweden are "certainly welcome to join" European monetary union, European Central Bank Governing Council member and Bundesbank President Ernst Welteke said Friday in a speech.
Germany slips into recession in third quarter
GERMANY - Germany's economy slipped into technical recession in the third quarter, after poor figures for gross domestic product growth confirmed a decline for the second three-month period running.
ECB Duisenberg - EU enlargement no threat to euro
GERMANY - The planned enlargement of the European Union by a number of accession countries poses no threat to the euro currency, European Central Bank President Wim Duisenberg said Friday.
Speech by Ernst Welteke, Bundesbank President
SPEECH - Closing remarks at the European Banking Congress by Ernst Welteke, President of the Deutsche Bundesbank, Frankfurt, 23 November.
ECB seeks bigger role in oversight of banks
GERMANY - The European Central Bank is aiming to reshape bank oversight in the European Union by giving itself a more prominent role.
Buba's Welteke sees no '01 recession in Germany
GERMANY - Germany's economy is not in a recession and will grow at a small rate "above zero" in 2001, Deutsche Bundesbank President Ernst Welteke told German daily Frankfurter Rundschau in an interview conducted 22 October, but published on Friday.
Speech by Ernst Welteke, Bundesbank President
SPEECH - Speech by Ernst Welteke, President of the Deutsche Bundesbank, delivered at the European American Business Council, Washington, 19 November. Ernst Welteke expressed satisfaction with ECB policy, noting that the eurozone is now enjoying an …
Speech by Jurgen Stark of the Deutsche Bundesbank
SPEECH - Speech by Dr. Jurgen Stark, Deputy Governor of the Deutsche Bundesbank. The speech titled 'The euro - the new European money' considers the historical background to the euro, essential features of the new system and the future outlook for the…
Germany may recover soon from economic shock
GERMANY - A German survey yesterday provided the first sign that the shock to economic confidence in the eurozone after the 11 September attacks in the US might be short-lived.
ECB Issing sees euro-zone recovery, CPI fall in 02
GERMANY - European Central Bank chief economist Otmar Issing Monday reiterated his expectation that the euro-zone economy will recover next year.
ECB gold reserves in 2 Nov week
GERMANY - The Eurosystem's net reserves in gold and gold receivables declined by EUR1 million to EUR128.2 billion in the week ended 2 November, the European Central Bank said Tuesday.
IMF sees continued gloom for Germany
GERMANY - The German economy should recover from its slowdown in the first half of next year, but business confidence is frail and the government has little room to pursue fiscal expansion, the International Monetary Fund said yesterday, Wednesday.
IMF Staff Report on Germany
REPORT - IMF Publications Germany: 2001 Article IV Consultation--Staff Report; Staff Supplement; and Public Information Notice on the Executive Board Discussion Series, 7 November.
Speech by Hermann Remsperger of the Bundesbank
SPEECH - Speech by Professor Hermann Remsperger, Member of the Directorate of the Deutsche Bundesbank at the Summit of Financial Journalists in Frankfurt on 29 October.
Buba Welteke - ECB rate policy no hinder to growth
GERMANY - The European Central Bank's interest rates aren't an obstacle to growth, long-term and real interest rates are low and the ECB must avoid letting long-term inflation expectations build up, Deutsche Bundesbank President Ernst Welteke repeated,…
Speech by Bundesbank President Ernst Welteke
SPEECH - Speech by Ernst Welteke, President of the Deutsche Bundesbank, at Danmarks Nationalbank in Copenhagen, 29 October.
Buba declines comment on job cuts report
GERMANY - The Bundesbank on Wednesday declined to comment on a newspaper report it would have to slash 6,000 jobs or around a third of its workforce under a reform aimed at streamlining its structure.
Buba Welteke: Euro-12 price pressure to ease soon
DENMARK - Early indicators signal price pressure in Germany and the euro-12 will ease further in the near term, but euro-12 financing conditions are favourable, Deutsche Bundesbank President Ernst Welteke said Monday.
ECB gold reserves to 26 October
GERMANY - The Eurosystem's net reserves of gold and gold receivables declined by EUR1 million to EUR128.2 billion in the week ended 26 October, the European Central Bank said Tuesday.
Several ECB members wanted 11 Oct rate cut: Report
GERMANY - Several members of the European Central Bank's governing council wanted to cut interest rates at its 11 October meeting in Vienna, according to a report to be published late Monday in French daily Le Monde.
NIESR report - UK to avoid slide into recession
UK - The UK will weather a sharp global slowdown and there is no reason to cut interest rates further, according to a leading think-tank.
Schroeder: ECB monetary policy can be improved
GERMANY - German Chancellor Gerhard Schroeder said Friday that the European Central Bank's monetary policy could be improved.
Germany 'on the brink of recession' - Report
GERMANY - Germany has suffered a sharp fall in growth this year and the recovery next year is likely to be very slight, a bi-annual report from the country's top six economic institutes has warned.