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“Dealing with the USA and China will become tough”

04.01.2025

“I see a step forwards towards future-proofing our currency and, ultimately, also a clear signal for greater European autonomy,” Bundesbank Executive Board member Burkhard Balz says about the digital euro in an interview with the daily newspaper Süddeutsche Zeitung. He also tells the newspaper why he is firmly convinced by the project and why cash will not be abolished.

“Dealing with the USA and China will become tough”
Burkhard Balz ©Tim Wegner
“We need a new mindset in our society”

30.12.2024

In an interview with the German business daily newspaper Börsen-Zeitung, Bundesbank First Deputy Governor Sabine Mauderer spoke about the opportunities and challenges facing Germany as a business location, the green transformation of the economy and the impact of climate change on inflation. The interview also covered the significance of the capital market and how artificial intelligence can lead to productivity gains in Germany.

“We need a new mindset in our society”
Sabine Mauderer ©Gaby Gerster
The Bundesbank mourns the passing of former President Helmut Schlesinger

27.12.2024

The Deutsche Bundesbank mourns the passing of its former president, Helmut Schlesinger. He was Vice-President of Germany’s central bank from January 1980 to the end of July 1991 and then President until the end of September 1993. Mr Schlesinger passed away on 23 December 2024 at the age of 100. 

The Bundesbank mourns the passing of former President Helmut Schlesinger
Helmut Schlesinger ©Deutsche Bundesbank
Paying with cash or debit card less costly than with credit card

27.12.2024

Paying with cash or a debit card is the cheapest payment method for consumers in Germany. Cash incurs the lowest costs per payment transaction, while debit cards are cheapest in relation to the amount of money spent. Paying with a credit card is in any case considerably more expensive. These are the conclusions drawn by a study entitled “Costs of cash and card payments from a consumer perspective”, which was carried out on behalf of the Deutsche Bundesbank.

Paying with cash or debit card less costly than with credit card
1 euro on a credit card ©Ded Pixto / Adobe Stock