Germany

Welteke on EMU - Experience and Outlook

SPEECH - In the speech 'European Monetary Union - Experience and Outlook' Ernst Welteke of the Deutsche Bundesbank said that in principle, all the Maastricht criteria, including the exchange rate criterion, have to be met before a country can join the…

ECB chief says euro zone inflation risks falling

Duisenberg's comments on Tuesday, in testimony to the European parliament, seem to strengthen feeling that the ECB will cut interest rates when it meets on Thursday. The futures market seems certain of at least a quarter point cut with a fifty per cent…

Eichel insists Germany will lower deficit

The EU's Stability and Growth Pact received some much needed support with Germany's Finance Minister Hans Eichel on Tuesday insisting that Germany would ensure its budget deficit next year came in below 3pc of GDP.

Bundesbank may sell some of its gold

The Bundesbank may sell some of its US$35 billion of gold to buy more profitable assets, executive board member Hans-Helmut Kotz said. In April we reported that Bundesbank President Ernst Welteke said that the international agreement limiting gold sales…

Solans on the performance of the ECB

SPEECH - In the speech 'Some thoughts on the performance of the ECB' Eugenio Domingo Solans of the ECB said the ECB is almost five years old. But in that five years the Eurosystem has become a fully-fledged central bank which formulates and implements a…

Greenspan - Fed has monetary tools left if needed

Alan Greenspan said on Tuesday that war worries were "a very large hurdle" hindering the recovery but that once these concerns were out of the way the economy should rebound. He also called on Germany and Japan to increase efforts to deregulate their…

Deutsche Bundesbank Monthly Report, October 2002

REPORT - Germany's central bank, on 14 November published its Monthly Report for October 2002. The Bundesbank said in its monthly report that gross domestic product grew by just 0.25 percent between July and September, compared to 0.3 percent expansion…

Bundesbank chief gives backing to EU growth pact

GERMANY - Bundesbank president Ernst Welteke, who sits on the ECB's interest rate setting council, throws his support behind the stability and growth pact which was labelled "stupid" by Romano Prodi recently. "The increasingly open attacks on the pact…

German coins make their mark in the eurozone

GERMANY - Though recent surveys suggest many Germans want their old marks back, it looks like German minted euro coins are poised to flood across borders. Because a third of all euro coins are produced with German national images on the reverse some…

ECB sticks to rates decision

SWITZERLAND - European Central Bank board member Eugenio Domingo Solans stressed the ECB's independence Monday and said it will not be pressured into cutting rates by political leaders in euro zone member states.

Padoa-Schioppa on the euro and the role of ERM II

SPEECH - In the speech 'Trajectories towards the euro and the role of ERM II' made on 4 November, Tommaso Padoa-Schioppa of the ECB said ERM II should be seen as a meaningful framework within which to achieve further real and nominal convergence. In…

Euro rises above $1 mark in trading

GERMANY - The euro rose above a dollar Tuesday and hit its highest level against the U.S. currency in more than three months amid fears that the U.S. economic recovery may be faltering.

'Recovery may be slower' - ECB's Vanhala

GERMANY - European Central Bank (ECB) governing council member Matti Vanhala said Monday that the euro-zone economic recovery may be slower than expected, but an ECB rate cut was unlikely to boost demand significantly.

ECB takes authority over foreign currency reserves

GERMANY - The European Central Bank (ECB) confirmed Monday, the Irish Times reported, that it must give permission before any euro-zone state can raid its own foreign currency reserves to ease domestic borrowing requirements.

Deutsche Bundesbank Monthly Report, September 2002

REPORT - Germany's central bank, on 16 October published its Monthly Report for September 2002. The report shows a further increase in real gross domestic product (GDP) in the second quarter of this year, although the rise on the first quarter remained…

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.