Federal Bank of Germany

The Bundesbank has said the latest wave of the coronavirus pandemic risked pushing the German economy - Europe's largest - into a technical recession before staging a recovery from the second quarter.

The European Central Bank (ECB) is drafting contingency plans to carry out its multi-trillion bond-buying program without the Bundesbank in case Germany's top court forces the main participant in the scheme to quit, four sources told Reuters.

The German-Greek Chamber of Commerce and Industry has announced 21 actions this year to bolster Greek-German business cooperation.
They consist of eight Greek group stands at international fairs that will be organized by various entities in 2020 in Germany and other countries, and the organization of 13 business missions to Greece, Germany etc.

The completion of Greece's third and final adjustment program on August 20 is not the end of the road for the country's reform efforts but a "milestone on a long way to recovery," the governor of Germany's central bank, Jens Weidmann, told a banking event in Athens on Thursday.

Germany on Wednesday sent Greece a new message that it will continue to strictly monitor the country, as it attached a significant note to the German parliament's decision to lift its block on the last bailout tranche to Athens.

Yahoo News - Germany has earned some 2.9 billion euros ($3.5 billion) since 2010 on Greek debt bought to help the struggling country, a government report seen by AFP showed Thursday.

"Contrary to all the rightwing myths, Germany profited massively from the crisis in Greece," said Sven-Christian Kindler, a Greens party MP whose question to the finance ministry uncovered the figure.

Germany's central bank said on June 15 that it had sharply downgraded its economic growth forecast for this year but grew more optimistic for 2019, saying the present boom should continue although the danger of a trade war is rising.

All that glitters is definitely gold in a new exhibition at Germany's central bank that lifts the veil on the nation's massive reserves of the precious metal, partly to reassure sceptics that the prized ingots are really there.

Germany’s central bank has said it will include China’s yuan in its reserves, giving another boost to Beijing’s drive to internationalize the currency and helping send the unit to two year highs.

Germany’s central bank significantly lifted its growth forecasts for Europe’s top economy in 2017 and 2018 on Dec. 15, but warned the momentum would slow in the following years due to labor shortages.