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"Putting reforms on hold will not help"

“Short-lived pump-priming and spending programmes and ever larger debts for subsequent generations will not create sustainable employment,” says Bundesbank President Jens Weidmann in an interview with the Westdeutsche Allgemeine Zeitung. For young people in particular, he emphasises, lasting employment is what is needed. And jobs with good prospects, Mr Weidmann continues, can only be provided by competitive enterprises and a sound economic structure. Putting reforms on hold – and so delaying the necessary adjustments – is not helpful.

Make Europe competitive, together

To make Europe competitive, together – that is the challenge, Jens Weidmann, the Bundesbank President, said at a press conference on the occasion of the 25th anniversary of the Franco-German Financial and Economic Council. Mr Weidmann added that it would take reforms and a reduction of government debt to do so.

The new €5 banknote has arrived

The Deutsche Bundesbank issues €5 banknotes of the second euro banknote series, thus bringing the first denomination of the new “Europa” series into circulation in Germany.

“A comfortable position for German banks”

Deputy President Sabine Lautenschläger commended German banks for the progress they had made towards Basel III compliance. However, the weak earnings trend would pose a challenge for banks in the future, she told the International club of Frankfurt-based business journalists.

Headway being made with financial market regulation

Reforming financial market regulation is a major task, but headway is being made, Bundesbank President Jens Weidmann said at the Deutscher Sparkassentag. He also underlined the importance that the Bundesbank remain firmly involved in banking supervision.