Germany
Report says Buba used public money to build villas
For decades the Bundesbank used public money to build luxury villas for some of its top officials, German business daily Handelsblatt reported.
Smallest euro coins running short- Bundesbank
Germany's central bank said on Tuesday 8 June that Europeans are refusing to pay with the small copper-coloured euro coins and letting them lie unused at home, leading to shortages in several eurozone countries.
Germany's Weber on financial stability
In a speech on 'Financial Stability and Globalisation' at the Second Conference of the Monetary Stability Foundation given on 3 June, Axel Weber of the Bundesbank said it is his wish that the conference will ultimately help to improve understanding of…
bundesbank's Remsperger on real-time data
In a speech on 'Real-Time Data and Monetary Policy' given on 28 May, Hermann Remsperger of the Bundesbank said that research on real-time data is of utmost importance for central banks.
Former IMF chief elected German President
Former head of the International Monetary Fund, Horst Kohler, was narrowly elected Germany's new president last Sunday, 23 May.
Fabritius on the Deutsche Bundesbank in transition
In aspeech on 'The Deutsche Bundesbank in transition' given on 4 May, Dr Hans Georg Fabritius of the Bundesbank said the Deutsche Bundesbank finds itself in the midst of a far reaching process of organisational change. In future, it will be able to…
Bundesbank's Weber says banking mergers make sense
Bundesbank President Axel Weber said promoting mergers in the German banking industry may ``make sense'' as such combinations can be cheaper to carry out than partnerships with banks outside the country.
Bundesbank's Weber to discuss deficit with Eichel
Bundesbank President Axel Weber said he will meet with German Finance Minister Hans Eichel on Friday to discuss ways to avoid violating European Union budget rules for a fourth straight year in 2005.
Bundesbank calm over oil price surge
Bundesbank president Axel Weber said on Tuesday 25 May that he was not overly worried about surging oil prices, and he indicated that a cut in interest rates by the ECB to help boost eurozone growth was not likely for the time being.
Previous G7 forex statement still valid-Koch-Weser
German deputy finance minister Caio Koch-Weser said the Group of Seven's stance on foreign exchange rates expressed at a meeting in Washington in April is still valid, even though the statement issued after G7 finance officials' meeting on Sunday 22 May…
Deal may be close in Welteke probe
The Frankfurter Allgemeine Zeitung reported on Friday 21 May that a deal may be close whereby German prosecutors drop the case against former Deutsche Bundesbank President Ernst Welteke in exchange for the payment of a fine.
Deutsche Bundesbank Monthly Report, April 2004
The Deutsche Bundesbank has published the English version of its April 2004 monthly report. the German economy has continued its moderate upturn which began in the summer of 2003. According to the Bundesbank's calculations, real gross domestic product …
Ethics adviser clears Bundesbank board
The Bundesbank's recently appointed ethics advisor said on Tuesday 18 May that there was no evidence that other board members had received unauthorised benefits.
Bundesbank sees increased risk of pact breach
The risk that Germany will breach the EU's strict budget rules for the fourth year in a row next year is increasing, the Bundesbank's chief economist Hermann Remsperger said.
A new face in European monetary policy
This article published on Friday 14 May in the Frankfurter Allgemeine Zeitung says Axel Weber may instill fresh ideas and a new impulse into the weakened German central bank. As a renowned expert in monetary and financial market issues, Weber looks like…
Weber urges spending cuts by German govt
In his first speech as Bundesbank president, Axel Weber urged the German government to cut spending and push ahead with key reforms to prioritise reining in the fiscal deficit below the 3-pct-of-GDP limit set by the EU stability and growth pact.
Redesign of the Bundesbank's website
The Deutsche Bundesbank has launched its redesigned website. Two key objectives have been achieved, the bank said. Completely barrier-free access to the website and consistent, uniform structuring of complex material in an attractive design, retaining…
Deutsche Bundesbank - Annual Report 2003
The Deutsche Bundesbank has published its Annual Report for the year ended 2003. For the German economy 2003 was a year of major change, the report says. At the start of the year, Germany was in a severe crisis of growth and confidence. However, in the…
Ethics for central bankers
The ejection of Ernst Welteke from the presidency of the Bundesbank has focused many central bankers on the issue of professional ethics. CentralBankNet examines how leading central banks navigate the issue.
Weber officially takes over at Bundesbank
Economics professor Axel Weber was formally appointed on Friday 30 April to head the Bundesbank, following Ernst Welteke's recent resignation. He can therefore attend the next meeting of the European Central Bank in Helsinki next week.
ECB rates not an obstacle: Stark
The current level of interest rates in the 12-country eurozone is no obstacle to economic growth in the single currency region, the Bundesbank's interim president Juergen Stark said in newspaper interviews on Monday 26 April.
Welteke to face probe this week
Former Bundesbank President Ernst Welteke is to be interrogated on Wednesday 28 April by prosecutors in the so-called "Adlon" affair, in which the central bank chief is accused of illegally accepting gifts, the mass-circulation daily Bild reported on…
France, Germany pressured ECB over rates-report
The European Central Bank faced more pressure for lower interest rates from the euro zone's biggest countries, France and Germany, at Saturday's meeting (April 24) of the world's top economic powers, an EU source said.
Welteke won't get full salary to 2007
Former Bundesbank President Ernst Welteke won't draw his full salary as German central bank chief over the next three years after quitting last week, denying a report in the Financial Times Deutschland newspaper.