Germany
ECB Welteke: conditions for growth in place
GERMANY - European Central Bank council member and Bundesbank President Ernst Welteke said that monetary policy has cleared the way for investment and economic growth in an interview published on Wednesday.
Duisenberg to stay: "I like what I'm doing"
GERMANY - Wim Duisenberg said on Monday that he would not quit his job as President of the ECB for at least another year.
ECB to re-shuffle board member responsibilities
GERMANY - The European Central Bank said on Friday it had changed some of the responsibilities among its six member Executive Board with effect from 1 January, 2002.
Euro launch reaches its final phase
ARTICLE - Securitas GmbH, a German armoured-car company, has suffered only a few mishaps since it began hauling the new euro cash in September. Some workers threw out their backs lugging the 20-kilo sacks of coins. Others accidentally dropped the heavy…
ECB net forex reserves
GERMANY - The Eurosystem's net foreign currency reserves decreased by EUR0.1 billion to EUR255.3 billion in the week ended 14 December.
Legacy cash spending impact on econ hard to gauge
GERMANY - Trying to pin down the exact boost to the euro-zone economy from spending in undeclared legacy currency ahead of the 1 January introduction of euro notes and coins is proving to be as slippery as tracking such money in the first place.
Germans snap up euro kits
GERMANY - Euro coins have gone on sale in Germany, accompanied by celebrations in several major cities.
Euro should rise, ECB has no leadership dilemma
GERMANY - The euro's weakness on foreign exchange markets is attributable partly to the fact that the single European currency is young, German Finance Minister Hans Eichel told a newspaper Thursday.
Distribution of euros to start tomorrow
GERMANY - The mass distribution in Europe of new cash in euros begins tomorrow, when France, the Netherlands and Ireland begin to sell packets of euro coins to the public. Other countries will follow in the days ahead.
Speech by Hermann Remsperger of the Bundesbank
SPEECH - Speech by Prof. Dr. Hermann Remsperger, Member of the Directorate Deutschen Bundesbank, at the annual meeting of ELEC in Frankfurt, 7 December.
ECB Noyer - Little M3 impact from euro changeover
GERMANY - European Central Bank Vice President Christian Noyer said Thursday that the bank doesn't expect the changeover to euro notes and coins next year to have a significant impact on M3 money supply growth.
Duisenberg - Current ECB rates appropriate
GERMANY - European Central Bank President Wim Duisenberg Thursday justified the central bank's decision to leave interest rates unchanged by saying recent data confirmed the ECB's view that there are no immediate dangers for price stability in the euro…
FSA Davies - C bank supervision not more effective
GERMANY - Howard Davies, chairman of the new U.K. Financial Services Authority, late Wednesday rejected the view that supervision of the financial sector may be more effective if carried out by an independent central bank rather than a non-central-bank…
Germany's CEI - Further ECB rate cuts unnecessary
GERMANY - There's no need for the European Central Bank to cut interest rates any further in coming weeks, the head of Germany's Center for European Integration Studies said.
ECB post findings on how rate moves affect economy
GERMANY - Ordinary Europeans may quickly get used to the new euro notes and coins that begin circulating in a few weeks, but it may be years before the European Central Bank fully understands the functioning of the new economy created by the common…
Wim to face the music
GERMANY - The temperature is rising in the dispute over whether Wim Duisenberg will step down as president of the European Central Bank.
Speech by Ernst Welteke, Bundesbank President
SPEECH - Speech by Ernst Welteke, President of the Bundesbank. In the speech titled 'Germany as a Financial Centre - European Perspectives for Japanese Markets' Welteke said that the introduction of the euro will not change the overall economic situation…
German regulator may follow US
GERMANY - The integration of European capital markets means Germany's securities regulator will need to model itself increasingly on the US Securities and Exchange Commission, according to Georg Wittich, the German authority's chairman.
Buba Welteke: Euro undervalued, dollar overvalued
JAPAN- Deutsche Bundesbank President Ernst Welteke said Wednesday that while foreign exchange rates are decided by the market, the euro is undervalued against the dollar.
Speech by Ernst Welteke, Bundesbank President
SPEECH - Speech by Ernst Welteke, Prasident der Deutschen Bundesbank delivered to the Japanese Bankers' Association in Tokyo, 28 November.
ECB may see rotating scheme with new members
GERMANY - The European Central Bank's policy making council might opt for a system similar to that of the U.S. Federal Reserve once the single currency area expands, ECB President Wim Duisenberg said on Friday 23 November.
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.