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Slowdown in economic growth in Germany

In the Bundesbank's estimation, the economic upsurge distinctly lost momentum in the first two months of the spring quarter. As explained in the July Monthly Report, Bundesbank economists are expecting real GDP to remain at the previous quarter's level in the second quarter.

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Foto zeigt Dr. Jens Weidmann

Weidmann calls for an end to preferential treatment of sovereign debt

Jens Weidmann, President of the Bundesbank, has spoken out in favour of ending the preferential regulatory treatment for government bonds. Speaking to members of the German-British Chamber of Industry and Commerce in London, Mr Weidmann said that an adequate risk-weighting of sovereign bonds in banks’ balance sheets would make banks more resilient. He also said that the large exposures regime that currently applies to loans should in future be applied to sovereign debt as well. Mr Weidmann remarked that sovereign insolvencies needed to be possible without jeopardising the financial system as a whole.

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Dr Jens Weidmann

Towards a more stable European monetary union

Bundesbank President Jens Weidmann has called for a better balance between liability and control within the European monetary union’s architecture. "We need to regain that balance if we are to put EMU on a more solid footing", Mr Weidmann said at the Madrid Stock Exchange. The Bundesbank President furthermore argued that there should be an end to the preferential treatment afforded to sovereign debt in order to immunise the financial system against sovereign default.

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Foto zeigt Dr. Andreas Dombret im Gespräch

Dombret: Push for more progress on supervision

Bundesbank Executive Board Member Andreas Dombret has called for further progress in the work on the Single Supervisory Mechanism. Speaking with the business magazine Wirtschaftswoche, Mr Dombret said that although regulation and supervision had made the financial system in Europe more secure, that was not enough. It must be possible in future for systemically important financial institutions to be wound up without bringing down the entire financial system, Mr Dombret said.

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Dr Jens Weidmann

Monetary policy needs to focus clearly on price stability

Bundesbank President Jens Weidmann argues that the sole objective within the Eurosystem should remain the safeguarding of price stability. In an interview with the Sunday newspaper Welt am Sonntag he called this clear focus a major achievement. Mr Weidmann warned that adding further objectives such as financial stability would be like "playing with fire", and that it could lead to an arbitrary approach to monetary policy.

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Dr Andreas Dombret holding a speech at the bundesbank symposium © Artur Worobiow

Dombret: "As simple as possible, as complex as necessary"

Representatives from the banking sector and regulatory authorities attended a Deutsche Bundesbank symposium to discuss the latest developments in the world of banking supervision. Bundesbank Executive Board Member Andreas Dombret presented the principles of sound regulation and good supervision to industry representatives and supervisors.

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