Germany’s financial ties with the rest of the world intensified further in 2011, partly due to the crisis. However, growth in cross-border positions was significantly weaker than one year previously.

The Deutsche Bundesbank’s Executive Board met the Council of the Bank of Latvia today in Frankfurt. The main topics of discussion were the economic situation in Latvia and Germany and upcoming reforms within the European Union.

The credit standards for lending to non-financial corporations in Germany have remained largely unchanged in the second quarter of 2012, according to the Bundesbank’s latest survey findings.