Archive of topic posts
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© Michael Haul / Getty ImagesMonthly Report March: German economy remains lively
23.03.2015 DE
The German economy was buoyant during the first three months of the year. The Bundesbank economists, writing in the latest Monthly Report, expect economic output to remain on a marked upward trajectory in the second quarter. Another topic they discuss is what needs to be done to strengthen the regulatory framework underpinning European monetary union.
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© Frank Rumpenhorst / BundesbankBundesbank posts €2.95 billion profit in 2014
The Deutsche Bundesbank posted a profit of €2.95 billion for the 2014 financial year, compared with €4.59 billion in 2013. Speaking at the financial statements press conference in Frankfurt am Main, Bundesbank President Jens Weidmann mainly attributed the year-on-year decline in net profit to the further drop in interest income.
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© dpaThe aims of Germany's G7 presidency
09.03.2015
Until the end of 2015, Germany has assumed the presidency of the gatherings of the G7, the seven most advanced industrial countries in the world. During this time, the sessions of the G7 finance ministers and central bank governors will be chaired by Bundesbank President Jens Weidmann and Federal Finance Minister Wolfgang Schäuble.
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Introducing the G7
09.03.2015
Canada, France, Germany, Italy, Japan, the United Kingdom and the United States together form the G7, an informal gathering of the most important industrial economies. The heads of state or government as well as the finance ministers and central bank governors of the G7 nations meet regularly to exchange views and opinions and to coordinate joint policy positions.
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© René Zimmer"Several governments did not use the time"
27.02.2015 DE
Bundesbank President Jens Weidmann believes that the French and Italian governments have finally accepted that reforms had been put on hold for too long. Implementation was now key, he said in an interview with the German weekly newspaper DIE ZEIT, adding that he sincerely hoped for success because both countries were extremely important for the stability of the euro area.
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© Robert Metsch / ECBECB publishes first-ever monetary policy meeting account
20.02.2015 DE
The European Central Bank (ECB) has published its first-ever account, a document summarising the discussions of the ECB Governing Council's monetary policy meetings. The minutes of these meetings, however, will continue to remain locked away for 30 years.
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© Wilfried Krecichwost / Getty ImagesWeaker upward pressure on prices in the housing market
19.02.2015 DE
According to the Deutsche Bundesbank's current Monthly Report, prices for apartments and houses are still increasing, but upward pressure on housing prices has weakened, especially for properties in urban areas.
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© Lars Ruecker / Getty ImagesMarked pick-up in German economy
16.02.2015 DE
The steep slide in oil prices and the euro's depreciation stimulated economic growth in Germany towards the end of 2014. Gross domestic product (GDP) rose by 0.7% in real terms in the fourth quarter of 2014 compared with the third quarter. The Bundesbank writes in its latest Monthly Report that the economic upturn is set to continue in the current year.
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© Henry Tanner / City of London Corporation"Structural problems cannot be resolved by printing money"
The President of the Bundesbank, Jens Weidmann, believes that measures taken by central banks cannot take the place of necessary structural reforms. During a speech in London, he welcomed the assurances of some European heads of government that they do not intend to ease up in their efforts, but also expressed a certain degree of scepticism.
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© Angelika Stern / iStockWeidmann: Short-term financial assistance can only buy Greece time
According to Bundesbank President Jens Weidmann, short-term financial assistance can only buy Greece time. Speaking on the sidelines of the meeting of the G20 finance ministers and central bank governors in Istanbul, Weidmann said that Greece could only solve its problems in the long run by making its public finances solid and its economy more competitive.