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Coronavirus crisis pushes TARGET2 balance above €1 trillion

10.08.2020

The Bundesbank’s TARGET2 balance has been growing again significantly since March. It exceeded the €1 trillion mark in July. This renewed increase over the past few months can largely be put down to the expansion of the Eurosystem’s purchase programmes in response to the COVID-19 pandemic.

Coronavirus crisis pushes TARGET2 balance above €1 trillion
Start-up of Target2, workstation for employees in IT, 2007
Weidmann: EU has proven itself capable of taking action in these times of crisis 

27.07.2020

Bundesbank President Jens Weidmann has certified the EU's ability to act in the face of the Corona crisis. "Solidarity in Europe - including financial solidarity - is, I think, the right approach in this situation. Politics must determine the nature and scope of this solidarity", he said in an interview with the Funke media group on the recently adopted EU reconstruction package. Nevertheless, this must remain an exceptional measure, he said.

Weidmann: EU has proven itself capable of taking action in these times of crisis
Jens Weidmann during an interview
German households store large amounts of cash

28.07.2020

In 2018, individuals in Germany stored an average of €1,364 in cash at home or in a safe deposit box, a study from the Bundesbank’s latest Monthly Report reveals. Research shows that this is mainly the result of financial and practical reasons such as the low interest rate level or the usability of cash as a means of payment. The study did not provide any evidence of tax avoidance as a motive for storing cash. 

German households store large amounts of cash
Euro banknotes under a mattress
Exhibition showcasing designs for Bundesbank campus now open

17.07.2020

A new exhibition at the German Architecture Museum (DAM) is showcasing all the designs submitted for the Bundesbank’s new campus on the grounds of its Central Office in Frankfurt am Main. The opening ceremony saw Executive Board member Johannes Beermann award prizes for the best designs.

Exhibition showcasing designs for Bundesbank campus now open
Press conference on the opening of “Campus Deutsche Bundesbank” exhibition at German Architecture Museum
Inside from book of photographs - The past becomes the future
New photo book on the Bundesbank’s architecture has been published
Claudia Buch during a conversation
“Entire sectors have taken an enormous hit from the crisis”
Jens Weidmann speaking at the Frankfurt Finance Summit
Weidmann: Trough of the coronavirus crisis likely to be behind us
Andreas Dombret during a conversation
“Stable banks in challenging times” by Andreas Dombret
Drafts for the new Deutsche Bundesbank campus
Architectural competition for Project Campus
Sabine Mauderer
Mauderer: Central banks need to take greater account of climate change in their analyses
Start frame of the image film "Money Museum"
The Money Museum introduces itself
Euro reference rate of the ECB to the US dollar
Interest rates
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