Germany

Deutsche Bundesbank - Annual Report 2005

According to the Deutsche Bundesbank's Annual Report 2005, last year saw cyclical improvements in the German economy, which coped fairly well with the substantial increase in crude oil prices.

Dispute over Bundesbank board plans - report

A dispute has arisen between the German government and the governments of the individual German states over plans to reduce the management board of Deutsche Bundesbank, the German central bank, Die Welt reported.

ECB's Trichet on economic integration

In the speech 'Economic integration in the euro area' given on 31 March Jean-Claude Trichet of the ECB said some eurozone countries are losing competitiveness due to high wage growth.

Issing praises German deficit efforts

In an interview to be published Thursday 30 March European Central Bank chief economist Otmar Issing welcomed efforts by the German government to tackle the country's budget deficit.

Bundesbank's Weber on the role of interest rates

In the speech 'The role of interest rates in theory and practice - How useful is the concept of the natural real rate of interest for monetary policy?' given on 9 March Axel Weber of the Bundesbank said setting interest rates against a benchmark estimate…

Ex-Buba Milow on govt gold grip

In Saturday's issue of Frankfurter Allgemeine Zeitung, the former Bundesbank branch office manager Christian Milow wrote at length about "The grip of the government on gold" ("Der Griff des Staates nach dem Gold").

Deutsche Bundesbank Monthly Report, January 2006

The Deutsche Bundesbank published the English version of its January 2006 Monthly Report on 16 February. The report issued a blunt warning against rushing the expansion of the eurozone currency bloc and criticised prospective member Estonia over the size…

Buba worried re cash supply after Heros insolvency

The Bundesbank has called on local branches to lengthen their operating hours after a money-transport company which accounts for around 50 per cent of the German money transport sector filed for insolvency.

Comment: Bundesbank stands firm

Leading members of the German parliament are very upset about the refusal of the Bundesbank even to talk about the sale of its gold reserves. In what is turning into a litmus test of its independence, the German central bank has, thus far, stood firm.

OECD's Gurria calls for global imbalances action

Washington and Beijing need to back their words with action, after pledging to deal with global economic imbalances, the incoming chief of the Organization for Economic Cooperation and Development said on Thursday 16 February.

Stark formally nominated for ECB job

Austrian finance minister Karl-Heinz Grasser said EU finance ministers formally nominated Bundesbank vice-president Juergen Stark as Otmar Issing's successor at the European Central Bank.

Issing says ECB ready to act on inflation risks

European Central Bank Chief Economist Otmar Issing said the bank is not necessarily embarking on a predetermined course of raising interest rates successively but that it is ready to act to contain higher inflationary risks.

Germany to issue inflation-linked bonds

The German government plans to issue inflation-linked bonds this year, but is hoping for an uptick in inflation expectations to time the sale Gerhard Schleif, the head of the nation's debt agency, told Dow Jones Newswires in an interview yesterday.

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