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Not Quite Checkmate for the Bundesbank
Keywords:
Bundesbank, the German central bank
02/16/2011
Grouped Articles
German Court to Weigh Bond Buying by E.C.B.
New York Times 06/10/2013
Not Quite Checkmate for the Bundesbank
Wall Street Journal 12/22/2014
Weidmann, Adviser to Merkel, to Head Bundesbank
New York Times 02/16/2011
Merkel Taps Adviser to Head Bundesbank
Wall Street Journal 02/17/2011
BusinessWeek 12/14/2011
Debt Crisis Provisions Hurt Bundesbank Profit
New York Times 03/13/2012
Germany's chancellor Merkel navigates a fine path in Sept. 2012 between Bundesbank opposition to sovereign bonds and ECB president Draghi's efforts to stabilize the euro
09/18/2012
Merkel supports ECB president Draghi's efforts to stabilize the euro in September 2012, but navigates around Bundesbank president Weidmann's opposition to sovereign bond purchases by the ECB by saying that proper eurozone banking supervision arrangements have to be established. Merkel and finance minister Schauble insist that this will require more time beyond the Jan 1, 2013 date in the EU proposal, to be done properly.
Grouped Articles
German Court to Weigh Bond Buying by E.C.B.
New York Times 06/10/2013
Germans Respond to Merkel's 'Motherly' Side
Wall Street Journal 08/23/2013
German Election Overturns Political Order
Wall Street Journal 09/23/2013
Bonds of Italy, Spain Narrow Gap With U.S., German Yields
Wall Street Journal 04/09/2014
Not Quite Checkmate for the Bundesbank
Wall Street Journal 12/22/2014
Economist 11/11/2015
The views of Axel Weber, former head of the Bundesbank, on the ECB's role and the need to address the underlying problems in Greece
04/19/2010
Axel Weber says the European Central Bank should stick to its mandate of setting monetary policy and not get too involved in the crisis in Greece. He says Greece's problems are structural and may take a long time to resolve, as much as 30 years. The European leaders have to decide on solving the underlying problems so that they cut the losses and restart, by offering debt guarantees and using partial creditor haircuts. Simply giving additional loans -which can never be repaid considering the debt of 350 billion euros ($496 billion)- or addding short term liquidity for a 3-5 year solution as European leaders have done so far, won't work.
Grouped Articles
EU Dismisses IMF's Criticism On Greek Bailout
Wall Street Journal 06/07/2013
German Court to Weigh Bond Buying by E.C.B.
New York Times 06/10/2013
Weber Sees Greece Needing More Aid
Wall Street Journal 04/19/2010
The 'Silent Austerity' in Banking
Wall Street Journal 01/21/2014
Not Quite Checkmate for the Bundesbank
Wall Street Journal 12/22/2014
Germany's Weber Slams Rescue Efforts
Wall Street Journal 06/27/2011
How Mario Draghi, ECB president, sees the problems in the eurozone and policy direction in 2012-2015
01/11/2010
A wide ranging interview with Mario Draghi by Wall Street Journal reporters Blackstone, Karnitschnig and Thomson, which gives insights on how Draghi sees solutions to the crisis in the eurozone and future policy. Draghi favors good fiscal consolidation which combines freeing up labor markets and structural changes for Italy, Spain and other southern countries, with spending reductions, and capital investment in the future as opposed to tax increases for current spending and lack of capital investment for future growth. He points out that with excessive debt to GDP ratios there is no alternative to this right kind of fiscal consolidation. The fiscal consolidation gives the structural changes time to be put in place..
Grouped Articles
ECB Moves Markets, Not Economy
Wall Street Journal 05/03/2013
The Man Whoâll Do Triage on Europeâs Banks
New York Times 10/20/2013
ECB Struggles With Low-Altitude Flying
Wall Street Journal 11/10/2013
Euro Strengthens as Fears Fade
Wall Street Journal 01/12/2013
Bonds of Italy, Spain Narrow Gap With U.S., German Yields
Wall Street Journal 04/09/2014
E.C.B. Plots Strategy for Staving Off Deflation
New York Times 05/26/2014
German Bundesbank president Jens Weidmann and views on the ECB's role in the eurozone crisis
04/19/2010
Jens Weidmann is the new president of the German central bank. Weidman sees two views colliding on how to respond to the eurozone crisis. He expresses the view of the Bundesbank about opposition to sovereign bond purchases by the European Central Bank to ease high bond yields for Spain and Italy. This is considered as overstepping the ECB's manadate for price stability. Weidmann is the German member of the ECB's Governing Council.
Grouped Articles
German Court to Weigh Bond Buying by E.C.B.
New York Times 06/10/2013
Weber Sees Greece Needing More Aid
Wall Street Journal 04/19/2010
Not Quite Checkmate for the Bundesbank
Wall Street Journal 12/22/2014
Germany's Bundesbank Gets a New Inflation-Fighter
Wall Street Journal 05/03/2011
Wall Street Journal 12/09/2011
Leaders Grow Further Apart on Solutions
Wall Street Journal 12/15/2011
The Bundesbank's claims on the ECB and the breakup of the eurozone
12/08/2011
The 495 billion in euros of Bundesbank claims on the ECB, with much of the collateral in sovereign debt of financially weak countries, is another reason Germany sees a breakup of the eurozone as unthinkable. Germany would assume a large share of the losses if the eurozone would breakup, much larger than the 28% which is its share of the ECB's capital.
Grouped Articles
German Court to Weigh Bond Buying by E.C.B.
New York Times 06/10/2013
Not Quite Checkmate for the Bundesbank
Wall Street Journal 12/22/2014
BusinessWeek 12/14/2011
When Sovereign Debt Is No Longer Risk-Free
BusinessWeek 12/08/2011
Italyâs Leader Is Optimistic About Greece and Euro
New York Times 02/10/2012
Debt Crisis Provisions Hurt Bundesbank Profit
New York Times 03/13/2012
The ECB's Mario Draghi and efforts to overcome the opposition of Jens Weidmann of the Bundesbank to bond buying
10/02/2012
An account of how the ECB's Draghi struggled to ovecome opposition from the Bundesbank to his decision in July 2012 for unlimited bond purchases of sovereign bonds of Italy and Spain to reduce bond yields and borrowing rates on debt. Draghi's famous words at the time were that the ECB would take decisive action: "believe me it will be enough." To do this he had to work closely with Finance minister Schauble and chancellor Merkel of Germany to overcome opposition from German media.
Grouped Articles
German Court to Weigh Bond Buying by E.C.B.
New York Times 06/10/2013
German Election Overturns Political Order
Wall Street Journal 09/23/2013
Euro Strengthens as Fears Fade
Wall Street Journal 01/12/2013
Bonds of Italy, Spain Narrow Gap With U.S., German Yields
Wall Street Journal 04/09/2014
As Bond Markets Twist, Investors Shout
Wall Street Journal 06/10/2014
Wall Street Journal 06/10/2014
The ECB's Mario Draghi on market and economic conditions in the eurozone in mid- 2014, Oct-Nov. 2014
07/14/2014
Draghi says any risks of a bubble should be tackled with tighter financial regulation and not by raising rates for fragile economies in Europe in 2014-2015. He sees frothy conditions in the market but no signs of a bubble in the eurozone.
Grouped Articles
Draghi Sees No Risk of Eurozone Bubbles
New York Times 07/14/2014
Merkel Hints at Economic Policy Shift in Germany
New York Times 10/09/2014
ECB’s Draghi Sees No Bubble in Eurozone Government Bond Market
Wall Street Journal 10/13/2014
European Investors Show Faith in ECB
Wall Street Journal 11/17/2014
ECB Open to Further Easing, Says Draghi
Wall Street Journal 11/18/2014
The Upside of Europe’s Ebbing Inflation
Wall Street Journal 12/03/2014
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