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Skyline Frankfurt am Main © Horst Rumpenhorst / Bundesbank

Comprehensive assessment to be finalised 

The Single Supervisory Mechanism will be launched on 4 November 2014. Before the ECB assumes responsibility for the supervision of the 120 largest banking groups in Europe, they are being subjected to a comprehensive assessment. The results will be presented on 26 October 2014. Those that do not pass the test will have to react quickly.


Dr. Jens Weidmann

Weidmann: Fiscal rules must be accepted

In an interview with the Latvian magazine "IR", Bundesbank President Jens Weidmann said that sound public finances were crucial for the credibility of a stability-oriented monetary policy. "With a view to the specific institutional set-up of the monetary union, it is important that fiscal rules are adhered to because the costs of an unsound policy can be partly shifted to other member states", he added.



Economy characterised by very subdued growth in second half of 2014

The Bundesbank believes that the German economy has made very little headway in the course of the third quarter of 2014. According to the current issue of the Monthly Report, Bundesbank economists expect growth to remain subdued in the fourth quarter thanks to the slight decline in new orders received by industry and the gloomy prevailing sentiment.


Photo shows Dr Jens Weidmann during a speech

Weidmann: "No need for a debt-financed fiscal stimulus"

According to Bundesbank President Jens Weidmann, the structural barriers that impede competition, innovation and productivity form the biggest bottleneck for growth in the euro area. The member states of the European Union – including Germany – still had much to do with regard to economic reforms, said Dr Weidmann in a speech he held in Riga.


ECB Governing Council on 2 October 2014 in Naples © ECB / La Presse Torino

ECB Governing Council agrees details of purchase programmes

The ECB Governing Council agreed the details of its asset-backed securities and covered bond purchase programmes in Naples on 2 October 2014. The purchases are aimed at facilitating credit provision to the euro-area economy. Bundesbank President Jens Weidmann is critical of these programmes.


 Dr. Jens Weidmann

Weidmann warns against loss of credibility

Bundesbank President Jens Weidmann has spoken out in favour of a strict application of the rules of the Stability and Growth Pact. As he commented at a recent event in Bielefeld, if these rules were again stretched to their absolute limits, the credibility of the Pact would suffer enormously.


International Monetary Fund (IMF)

Weidmann: "Flash-in-the-pan economic stimulus packages" of little help

Against the backdrop of an increasingly gloomy global economic outlook, Bundesbank President Jens Weidmann has rejected calls for economic stimulus packages. In the run-up to the IMF Annual Meeting, he said that in his view "adopting flash-in-the-pan economic stimulus packages" was "of little help" in facilitating sustainable growth.


Dr. Andreas Dombret

The euro - taking off or staying grounded?

Financial markets have to work like any other market, and this is particularly true of market entry, market exit and market power, said Bundesbank Executive Board member Andreas Dombret in a speech he held in Chicago. With regard to macroeconomic imbalances, he added, more structural reforms are required.


Technical Central Bank Cooperation

International Central Banking Courses 2015

The Centre for Technical Central Bank Cooperation will be offering a range of international central banking courses in 2015 as well. Please use the online application to apply. An overview of these courses you can find here.