Germany

Bundesbank lowers German growth forecast

The Bundesbank has revised downwards its forecast for growth of the German economy next year to 1.2-1.3% from an earlier prognosis of 1.5% strength of the euro hits exports from the eurozone's largest economy.

Deutsche Bundesbank Monthly Report, October 2004

The Deutsche Bundesbank's October 2004 Monthly Report said the stability of the German financial system has strengthened further since the end of last year. This was assisted, the report says, by the rapid brightening of the macroeconomic climate in the…

Bundesbank's Weber on stability and growth

In a speech on 'Stability and growth' given on 19 November, Axel Weber of the Deutsche Bundesbank said stability and growth go hand in hand. The Lisbon agenda and the Stability and Growth Pact complement each other in lifting the EU's growth potential…

Buba warns 'substantial risk' of deficit breach

The Bundesbank warned on Monday 22 November that Germany risks breaking the EU's tight budget rules again next year, even if it insists it will be able to meet its deficit commitments in 2005. In its November monthly report the German central bank said…

Buba's Weber on the state of European integration

In the speech 'State and challenges of the European integration' given on 25 October Axel Weber of the Deutsche Bundesbank said we have a good prospect of dealing successfully with the growing diversity of the EU economy after enlargement if monetary,…

Remsperger on the Bundesbank's view of the outlook

In a speech on 'The Bundesbank's view of the economic outlook and economic policy challenges' given on 25 October, Hermann Remsperger of the Deutsche Bundesbank said the German economy remains vulnerable to a slowdown in global economic activity. This is…

Buba's Weber on European inflation dynamics

In a speech on 'European inflation dynamics and inflation convergence' given on 15 October, Axel Weber of the Bundesbank said we still do not know enough about the factors that determine inflation persistence in the euro area and we cannot even be sure…

Deutsche Bundesbank Monthly Report, September 2004

The Deutsche Bundesbank's September 2004 Monthly Report finds that according to the latest data, industry is still on an upward trend. Following weaker figures in June, both new orders and output showed a further clear seasonally adjusted rise in July,…

Remsperger on FDI and the Deutsche Bundesbank

In the a on 'FDI and the Deutsche Bundesbank' given on 8 October, Hermann Remsperger of the Bundesbank said the German economy has been one of the driving forces behind the globalisation process. The diverse and ever-changing transmission mechanisms of…

Buba's Weber on the stability and growth pact

In a speech given on 27 September, Bundesbank president Axel Weber said that in his opinion the provisions of the Stability and Growth Pact are fundamentally appropriate. However, they have not always been enforced rigorously enough in the past.

Deutsche Bundesbank Monthly Report, August 2004

German business confidence dropped for the third month in four in August and the number of unemployed rose to the highest since May of last year. The surge in oil prices to record levels this year may further delay a recovery in consumer spending, the…

Eichel raps Bundesbank over stability pact

German Finance Minister Hans Eichel rapped the Bundesbank on Friday 10 September for its recent criticism of the EU's proposed changes to the stability and growth pact in a press release titled "Do not weaken the Stability and Growth Pact".

Bundesbank statement on EC proposals

Responding on Tuesday 7 September to the European Commission's proposals for reform of the Stability and Growth Pact, the Bundesbank said it believed that instead of strengthening the Pact, the proposed changes would have a "generally detrimental" effect…

Buba's Stark sceptical on budget pledge

The Bundesbank believes the German public deficit, set to exceed EU limits for the third year in a row this year, will again be higher than the European Stability and Growth Pact allows next year, the financial daily Boersen-Zeitung reported.

Germany's Eichel : no more budget cuts yet

German Finance Minister Hans Eichel said on Sunday 8 August that the economic recovery was not yet firmly established enough for him to impose more budget cuts, and that he would make added savings only when growth was more sustained.

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