Search Results for: Bundesbank
Central Bank of Germany issued April Monthly Report
April 22nd, 2015
Structural developments in the German banking sector The financial and sovereign debt crisis which has afflicted the euro area for more than seven years now has clearly left a mark on the financial market, having forced monetary policymakers to ...
ECB says QE programme already boosting recovery
April 3rd, 2015
The European Central Bank said Thursday it is increasingly confident that its controversial bond purchase programme is helping boost the eurozone’s economic recovery, even as a top official expressed doubts about its effectiveness. In the minutes of the governing ...
German Maastricht debt level for 2014 up slightly to €2.17 trillion – debt ratio down markedly to 74.7%
April 2nd, 2015
According to provisional calculations, general government debt in Germany as defined in the Maastricht Treaty amounted to approximately €2.168 trillion at the end of 2014. The debt level thus increased by €2 billion on the year. Owing to nominal GDP growth, the ...
Greece faces resistance to extra emergency funds for banks
February 18th, 2015
The European Central Bank faces resistance from Germany to allowing any extra emergency lending for Greek banks, people familiar with the matter said, increasing pressure on Athens to sign up to an extended aid-for-reform program. After talks between Greece and euro zone creditors broke down ...
Central Banks Move to Drive Down Currencies, Yielding Domino Effect
February 9th, 2015
The central-bank stimulus spree of 2015 has the look of a global currency war. In quick succession, countries representing about a third of the world’s economic output—from the eurozone to China, Australia and Canada—have taken steps that have driven ...
Interview with Jens Weidmann: “The risk of exaggerations increases”
January 27th, 2015
“The risk of exaggerations increases” Mr Weidmann, the ECB was originally modelled on the Bundesbank. Was this tradition laid to rest on Thursday? I wouldn’t make this out to be some kind of sea change, but I do regard this ...
Greece election: Anti-austerity Syriza leader Tsipras vows to end ‘pain’
January 26th, 2015
Anti-austerity Syriza party leader Alexis Tsipras has vowed to end Greece’s “five years of humiliation and pain” after his general election win. Before cheering supporters, Mr Tsipras again pledged to renegotiate Greece’s massive international bailout. With nearly all of ...
ECB Executive Board’s QE Proposal Calls for Roughly €50 Billion in Bond Buys Per Month
January 22nd, 2015
The European Central Bank’s executive board proposed buying roughly €50 billion ($58 billion) a month in bonds for at least a year, according to people familiar with the matter, but markets largely shrugged as investors pondered whether the ECB ...
Is the ECB allowed to buy sovereign bonds?
January 13th, 2015
The European Court of Justice is looking into whether the ECB’s plan to buy sovereign bonds is really within its mandate. Experts expect the central bank to start its program soon, in a bid to head off deflation. “The ...
Draghi Urgency for ECB Action Gets Final Reality Check
November 24th, 2014
Mario Draghi is about to find out just how urgent his call for action has become. One week after the European Central Bank president vowed to revive inflation “as fast as possible,” policy makers will receive a glimpse on ...
