Bundesbank President Jens Weidmann has warned against government intervention in the market economy becoming the norm after the coronavirus pandemic,  although it was important for the government to intervene strongly in the crisis. “But this must not become a normal state of affairs. I do not believe that governments know best when it comes to running a business,” he said in an interview with the “Augsburger Allgemeine” newspaper.

The European Central Bank (ECB) today published first details of its comprehensive assessment. The assessment will include a total of 124 banking groups in the euro area, 24 of them German, and is to be concluded before the launch of the Single Supervisory Mechanism (SSM) in November 2014. Measured against total assets, the comprehensive assessment therefore covers around 65 % of the German banking sector.