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Amendments to the reporting system
Overview of the most important content-related amendments to the external reporting system.
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“This is really worrying” Interview with Frankfurter Allgemeine Zeitung
“In a globally interconnected world, autonomy is an illusion,” Bundesbank President Joachim Nagel told the German “Frankfurter Allgemeine Zeitung” newspaper. But even so, Europe still needed to invest in certain areas in order to become more independent. Interviewed jointly with Martin Kocher, Governor of the Oesterreichische Nationalbank, they also spoke about the debt ratios of euro area countries, proposals for fiscal consolidation, and central bank independence.
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Exploring the future of finance: Digital euro, crypto assets, and the quest for digital sovereignty Keynote speech at the OMFIF “Future of payments forum”
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Balance of payments
The balance of payments records all economic transactions between residents and non-residents within a given time period and thus shows a country’s complex economics links with the rest of the world.
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“We see more than 5,000 cyberattacks every minute” Interview with Tagesspiegel
“The digital euro will make us more independent and more resilient,” Bundesbank President Joachim Nagel said in an interview with the “Tagesspiegel” newspaper. A combination of cash and the digital euro will equip Germany best for the future and for critical situations. Nagel also used the interview to discuss the effects of US tariff policy and the opportunity it might present for Europe as an investment location.
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Current economic policy challenges in Germany and Europe Special lecture at Yonsei University
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German economy closes 2025 with significant gains
19.02.2026 DE
German economic output rose significantly in the fourth quarter of 2025, according to the Monthly Report. Growth towards the end of the year was primarily driven by private and government consumption. Households probably also benefited from strong wage growth. Industry grew its production and construction output rose significantly. According to the experts, there is no sign of any short-term trend reversal for the better in the labour market. The inflation rate stood at around 2 % at the turn of the year.