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Weidmann: Large-scale borrowing at the EU level should remain a one-off crisis measure

21.10.2020

Bundesbank President Jens Weidmann has expressed unease about the EU’s extensive joint borrowing to fund the Recovery and Resilience Facility in response to the coronavirus crisis. “This kind of borrowing should remain a one-off crisis measure,” he said, arguing that permanently raising joint debt does not square with the EU’s institutional framework.

Weidmann: Large-scale borrowing at the EU level should remain a one-off crisis measure
Weidmann bei seiner Rede vor dem Übersee-Club Hamburg
Financial Stability Review: German financial system has proven to be stable

13.10.2020

In the first half of the year, the coronavirus pandemic led to the most severe economic crisis in decades. The German financial system has, however, proven to be stable during the pandemic, and so far fulfilled its key functions, said Claudia Buch, Vice-President of the Deutsche Bundesbank, at the presentation of the 2020 Financial Stability Review. Ms Buch added that, in the further course of the pandemic, corporate insolvencies are likely to increase, and this requires sufficient preparation.

Financial Stability Review: German financial system has proven to be stable
Press conference on the Financial Stability Review 2020
Jens Weidmann: “The monetary policy stance is appropriate at this time”

08.10.2020

Bundesbank President Jens Weidmann sees no reason to move away from the last monetary policy assessment at the moment and cautions against pre-empting decisions that are not yet on the agenda. “The monetary policy stance is appropriate at this time,” he told interviewers from the German “Börsen-Zeitung” newspaper.

Jens Weidmann: “The monetary policy stance is appropriate at this time”
Jens Weidmann
Wuermeling: Too early to give banks the all-clear in the COVID-19 crisis

01.10.2020

According to Bundesbank Executive Board member Joachim Wuermeling, it is still too early to breathe a sigh of relief concerning the banking sector. “Economic activity is recovering, but the economic crisis only has a delayed effect on banks,” he said at an event in Berlin. Up to now, bank balance sheets had tended to be affected only in isolated cases by the coronavirus crisis. However, insolvencies can trigger credit defaults at short notice.

Wuermeling: Too early to give banks the all-clear in the COVID-19 crisis
Olaf Scholz and Joachim Wuermeling in conversation
Envelope with a warning notice
Warning from the Deutsche Bundesbank
Entrepreneur at a production line in the company
Third survey on the expectations of enterprises in Germany
Weidmann during his speech at the virtual autumn conferenceof the Bundesbank
Weidmann identifies risks and rewards in central bank digital currency
Germany's international investment position
Germany’s international investment position rose significantly in 2019
Claudia Buch
Statement by Vice President Claudia Buch on the Financial Stability Review 2020
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
Euro reference rate of the ECB to the US dollar
Interest rates
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