Change at the top of the Bundesbank, the powerful German central bank which from XNUMX January will have a new president: the economist Joachim Nagel, considered close to Chancellor Scholz and "the most dovish of hawks"
The long era of Angela Merkel comes to an end and the new Chancellor Scholz is ready to launch the traffic light government with the SPD, Greens and Liberals - The recovery of the pandemic is the first problem it must face, but without forgetting…
The president of the German Central Bank will leave office at the end of 2021, after 10 years and six before the expiry of his mandate - Known for his intransigent positions, he has clashed several times with Draghi, trying in vain to succeed him…
In the awaited ruling on Quantitative Easing, the German Constitutional Court states that it has not "found a violation of the prohibition on monetary financing of states", but asks the ECB for clarifications on the proportionality of its actions. The EU Commission responds and the Bank…
The alarm raised by the Bundesbank on the risk of a recession in Germany does not disturb the markets: the Stock Exchanges are racing and Piazza Affari is the best with a leap of 1,93%.
Germany is one step away from recession and to face it, Chancellor Merkel does not rule out giving up a balanced budget to support investments - But Von Der Leyen's EU is also preparing to send…
One of the Bundesbank's most prominent economists has presented a plan to halve the Italian public debt through a very high balance sheet - This is a provocation which, however, perfectly conveys the idea of the current situation and the risk that…
The stock market rally also continues in Asia while the US budget holds back Wall Street - Piazza Affari on the shields despite the political unknowns - Bundesbank insists: "We need a ceiling for the Bots in the bank"
The new provocation has not shaken the Asian stock exchanges - Bundesbank again pressing Draghi to reduce Qe - FCA leads the charge of the Italian automotive sector while Merkel scolds the German houses - Vivendi defends itself: "In…
Worrying results from the German Central Bank, which however was not required to give any communication: the data are an indirect warning to the ECB - Meanwhile, the risks of a real estate bubble are increasing.
The Bundesbank has brought back to Frankfurt 674 tons of gold that had been parked at the central banks of France and the United States during the Cold War.
After the position taken by the German Finance Minister, Wolfgang Schaeuble, it is now the Bundesbank to intervene asking for a reduction in the regulatory pressure for as many as 800 German banks, including People's Banks and Savings Banks, to put the latter…
Weidmann once again attacks our country: "The expectations of those who had bet that the consolidation efforts undertaken by Italy before joining the euro would continue and that the soundness of public finances would be guaranteed in the long term are…
Not only would the president of the Bundesbank have expressed doubts about the recapitalization of MPS decided by the Italian government, so much so that now the bill could become much more onerous
Yesterday Piazza Affari, after an excellent October, closed the fifth consecutive session in the red due to the fall of the banks (excluding the Entente) - The events of Brexit and the US electoral campaign keep the markets on edge - Record offers…
While in Italy pension flexibility is being discussed to lower the age at which the allowance is triggered for the elderly, the Bundesbank is even asking to raise the retirement age to 69 to make the system more secure - Merkel does not…
The president of the German central bank, on a visit to Rome, reproaches our country for the excessive public debt and once again asks for a ceiling on the amount of government bonds in the portfolios of the banks.
Draghi said that the ECB board did not talk about helicopter money, i.e. the monetization of public deficits, but did not say that it is an absurd idea, as the Bundesbank economists think - The effects on final demand…
The German central institute confirmed the positive sensations on the country's economy, after Friday's GDP data showed growth in the second quarter (albeit slightly disappointing) - China, on the other hand, is worrying, slowing down and depreciating…
BANCA D'ITALIA MEETING - There is a recovery but, warns Visco, reforms cannot be slowed down - Harsh criticism of the European management of the crisis and the Bundesbank's short-sightedness on Qe - Guaranteeing the solidity of the banks but "without…
Tonight, ECB president Mario Draghi will reply to the Bundesbank that he would like a step back on Qe - Waiting for Yellen's intervention on Fed rates on Wednesday - Expansive monetary policies for 2015 central banks in 24 - Goldman…
FROM THE BLOG "THE RED AND THE BLACK" BY ALESSANDRO FUGNOLI, strategist of Kairos - What's going on in the mysterious world of negative bond yields: from the Bundesbank to the Swiss franc - "In the meantime we keep suggesting to sell the American stock market on…
Exceptional meeting today between the president of the ECB Mario Draghi and the president of the Bundesbank Weidmann on the occasion of a conference on the launch of European banking supervision: we will understand more about the future of European Qe - But today it is also…
Mario Draghi will reveal the details of the ECB's purchases of Abs and in the meantime the governor Visco warns the Bundesbank: "Our efforts are oriented towards the well-being of individuals and not to abstract parameters or formulas" - Even the Merkel-France clash ...
The 5 members of the Administrative Board of Review who will have to judge the work of the ECB in the field of banking supervision were appointed yesterday - Among them, an Italian professor of Economic Law at the University of Sannio, Concetta Brescia Morra.
Global tensions, such as the crisis in Ukraine and the conflict in the Middle East, are weighing on Germany's prospects: the Bundesbank, in its monthly bulletin, puts forward the hypothesis that the country's growth strength is at risk.
The Central Bank explains that the slowdown between April and May in the industrial and construction sectors affected the result - The serious phase of international uncertainty, linked to the Ukrainian crisis, also weighed on the performance of the economy, which…
The Premier replies to Weidmann: "The Bundesbank's task is not to participate in the Italian political debate" - "The relationship with Chancellor Merkel is excellent" - "Flexibility is not one of our requests: it serves Europe, not Italy. We need…
"I had a long conversation with my friend Schaeuble: there is no problem", assures the number one in Via XX Settembre - But the German minister was clear: "I reject the issue of flexibility" - The German Central Bank…
The president of the Bundesbank attacks our prime minister: "Now he's also telling us what to do. Fewer words and more deeds" - But Renzi remains unmoved: "Merkel's line is different" - In fact, without the Chancellor's support neither…
This morning the 3,772-year Bund issue launched by the German Finance Agency collected only 5 billion orders out of a XNUMX billion offered amount - Low yields make German bonds less attractive - To cover the entire amount of the issue…
All European stocks up after the German central bank's move towards European Quantitative Easing - Piazza Affari gains more than 1 percent - Luxury is reborn with Tod's and Ferragamo, Bpm flies, Telecom Italia shines…
The number one of the Bundesbank in an interview with Mni: "Any public or private asset that we had to buy, should respect certain quality standards. The basic question, however, is that of effectiveness, costs and side effects. We are at the moment discussing…
Unexpected interview with the president of the Bundesbank, Weidmann, who opens the hypothesis of a European quantitative easing on the model of the Fed to counter the excessive appreciation of the euro and deflation - Treasury auctions restart - This morning Piazza Affari starts positive -…
"The upward trend in industrial orders and the very optimistic expectations on production for the first quarter of the year, already confirmed in January - reads the latest monthly bulletin of the Bank -, as well as the situation of the manufacturing industry, which continues…
The Bundesbank revises the growth estimates of the German economy positively, for this year and for the next - The GDP will grow by 0,5% in 2013 and by 1,7% in 2014 (instead of the expected +0,3 % in 2013 and +1,5% in 2014) -…
Expectations are growing for the governors' moves: the Fed will pronounce itself on 17-18 September on the dreaded tapering, while in Europe the Bundesbank has already spoken, according to which the low interest rate policy proclaimed by the ECB will have to take into account any…
The German Central Bank's August monthly bulletin explained that the new approach to monetary policy "does not rule out an increase in official rates if higher inflationary pressures emerge"
The Bundesbank will need another bailout, but the risks are "exceptionally high" and the Greek government's performance is "barely satisfactory" - At the end of July, coinciding with a tranche of aid, a hole had emerged from…
Michael Best, spokesman for the president of the Bundesbank, Jens Weidmann, concedes himself to the Italian press: "The problem of the Eurozone is a currency without an integrated economy: States and banks must be able to fail" - "There are two paths: tighten the rules tax or grant…
After the International Monetary Fund, the Bundesbank also revises its estimates downwards: German gross domestic product will grow by 0,3% in 2013 (against the +0,4% forecast in December) and by 1,5% in 2014 ( from the previous one +1,9%).
A few days before the meeting of the Governing Council of the ECB which will decide whether to keep interest rates unchanged, the Bundesbank is back on the attack on the question of the purchase of government bonds on the secondary market by the Frankfurt institute: in theory…
The Bundesbank's decision would have been taken because the operation requested by the Siena public prosecutors cannot be carried out "under German law". The magistrates could then proceed with an international rogatory letter
The comparison between a study by the Bundesbank and the (provisional) one by the ECB, which compares the wealth of citizens of various European countries and from which it would appear that the Spaniards are richer than the Germans, causes a sensation - Here...
The Financial Times revealed it today, explaining that the investigation would concern the alleged concealment of losses of about 12 billion dollars linked to derivative securities - According to sources cited by the British newspaper, next week the Bank inspectors…
The institute ended 2012 with a net profit of 664 million euros, a slight increase compared to the 643 million of the previous year, precisely due to the provisions.
According to the German Central Bank, the German economy will have a rapid rebound already in the first quarter of 2013, despite the negative closure of the past year.
According to the German Central Bank, "the stable job market and the increase in employment prospects indicate that the weakness of the business cycle will not last too long" and already in the first quarter of 2013 there will be clear signs of…
The German Federal Bank will return to Germany all the gold reserves held in France and a part of those located in the USA - The decision, specifies the Bundesbank, has nothing to do with…
And +0,4% in 2013, against the 1,6% indicated previously - The slowdown, however, will only be temporary: already in 2014, Germany's GDP will return to growth of 1,9%.
The German central bank: "The economy currently presents a mixed picture, which will probably slow down further towards the end of the year" - And Weidmann still attacks the banking union.
According to the President of the Bundesbank, in a meeting with Economy Minister Vittorio Grilli, Italy "has achieved important progress from which the euro area will also benefit" - "It is a fundamentally healthy country" - The Italian minister has…
ALESSANDRO FUGNOLI, KAIROS strategist, SPEAKS: Weidmann is wrong, the Eurotower antispread shield will not produce inflation - But in the next two years, the Fed will create two new trillion dollars and the ECB, to avoid an excessive revaluation of the euro, will have to give…
New York Times columnist Roger Cohen compares Draghi's victory over Weidmann on the board of the ECB to the long list of defeats suffered by the Germans at the hands of the Italians on football fields - SuperMario is a bit like…
INTERVIEW WITH STEFANO MICOSSI - According to the general manager of Assonime "the decisions of the ECB are an important step but we are not yet completely out of danger" because there is the risk of a bailout from Spain and the uncertainty of post-Monti Italy: "AND'…
The German Finance Minister: the banking union will not be able to be implemented quickly, but the project remains more feasible than the hypothesis under discussion of a European Authority under the aegis of the ECB.
As reported by the Bild-Zeitung newspaper, the president of the German Central Bank, Jens Weidmann, is threatening to resign - The crux is still the purchase of public bonds by the ECB: "It would be a drug, it would make countries drug addicts" .
The Bundesbank launches a new warning to the ECB president and takes sides against the ceiling on spreads - Unicredit risks the revocation of the banking license in the US or a heavy fine because the German subsidiary HVB is accused of having…
The Bundesbank placed 4 billion two-year bonds, less than the 5 billion expected - The average yield stood at zero per cent - In the last auction, interest was negative (-0,06%) - Good demand: bid /cover equal to…
According to the Bundesbank, the responsibility for reducing funding costs for countries in crisis must remain on the shoulders of individual states and cannot be delegated to the European Central Bank - For the Berlin government, the idea is…
Only the hardline wing of the CDU opposes any bailout policy pursued with German taxpayers' money, but Merkel has never agreed to enter into dialogue with them - The proposal to introduce a weighted vote in the Council…
It is the latest "find" by Jens Weidmann, the Buba hawk: to open an office in Tokyo to manage part of its foreign currency reserves directly from the Asian financial markets - We will start with securities denominated in yen and Australian dollars…
The Germans impose a two-stage policy on the ECB president (yes, but only after the request for aid from the individual countries in difficulty to the bailout fund for the purchase of bonds) and bring down the markets - If the spread…
Prime Minister Mario Monti garners significant acclaim in Finland and launches an assist for tomorrow for Mario Draghi of the same name, president of the ECB, engaged in a very delicate head-to-head with the Bundesbank: "The statements by the president of the ECB last week are…
Uncertain sessions after the "mystery" by Weidman, president of the German central bank, who warned the ECB "not to exceed its mandate", just on the eve of tomorrow's directorate: but it is an interview from a month ago and …
After the declarations of the German government last Friday, which had fully supported the words of Mario Draghi and recognized the full independence of the ECB, the German central bank intervenes again in the opposite direction but the Buba in the board of…
The German Central Bank reiterates that the purchase of government bonds by the ECB is not the best way to combat the crisis - It is problematic because it creates false incentives - Green light instead for intervention on government bonds by…
According to a documented analysis by Il Sole 24 Ore, the president of the ECB has a large majority on the board even without the Bundesbank and the representatives of the central banks of Finland, Luxembourg, the Netherlands and Austria (the latter two a little more…
Germany sold 4,153-year government bonds on the market for a total of 1,52 billion euros - Compared to last month's auction, the average yield drops from 1,31% to 1,4% - The bid-to-cover rises from 1,5 to XNUMX.
Pressured on Eurobonds by the French, Italians and Spaniards, Germany relaunches: a commissioner or an agency of the euro area to directly manage the public finances of undisciplined countries - This is the proposal by Jens Weidmann, powerful head of the Bundesbank - Before…
"The debate is becoming irritating: every month the ingenious idea of the moment pops up to solve the crisis, yet not even in France, which so much invokes project bonds, the question is tackled with full awareness": the harsh interview given to Le Monde…
