Search Results for: German
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 ...
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 ...
Germany’s Merkel says Greek reforms must “add up”
March 30th, 2015
German Chancellor Angela Merkel said on Monday that Greece had a certain degree of flexibility on which reforms it implements but that the measures must “add up” to the satisfaction of its European partners. “The question is can and will Greece fulfil the ...
German Finance Ministry: Greece has yet to submit a detailed reform list
March 30th, 2015
Jaeger also noted that the date of the Eurogroup meeting has not been set yet. Martin Jaeger, the spokesman of the German Finance ministry, said on Monday that the Greek Government has not submitted yet a detailed list with ...
Schaeuble confirms Germany is a founding member of China-led AIIB bank
March 17th, 2015
Finance Minister Wolfgang Schaeuble said on Tuesday that Germany is going to be a founding member of a new international development bank backed by China along with other European countries. The move to join the Asian Infrastructure Investment Bank (AIIB), following the lead ...
New President of the German Financial Supervisory Authority (BaFin)
March 16th, 2015
As from the beginning of March, Felix Hufeld is the new President of BaFin. He took over from Dr Elke König at the beginning of March. Dr König will be moving to Brussels to help set up and head ...
Germany’s DAX 30 index jumps above 12,000 for first time
March 16th, 2015
Germany’s DAX 30 index DAX, +1.07% jumped to an all-time intra-day high on Monday, climbing above the 12,000 mark for the first time ever. The index briefly touched 12,001.98, but fell back to trade up 0.8% at 11,991.92 at the latest. The ...
U.S. Hits German Bank with $1.45 Billion in Penalties
March 13th, 2015
The U.S. Department of Justice on Thursday ordered Germany’s Commerzbank bank and its U.S. affiliates to pay $1.45 billion in penalties for violations of U.S. sanctions law and for a multibillion-dollar securities fraud. A department statement said Commerzbank, Germany’s ...
Varoufakis unsettles Germans with admission Greece won’t repay debts
March 10th, 2015
Greek Finance Minister Yanis Varoufakis has described his country as the most bankrupt in the world and said European leaders knew all along that Athens would never repay its debts, in blunt comments that sparked a backlash in the ...
Germany’s Finance Minister Calls on Lawmakers to Back Greek Bailout Extension
February 27th, 2015
Wolfgang Schäuble spoke to German lawmakers ahead of a parliamentary vote Germany’s finance minister called on lawmakers to back a four-month extension of Greece’s bailout, arguing that voting against the bill would cause Germany’s future “great damage.” “Greece needs much ...
