Federal Bank of Germany

Germany’s central bank has brought much of its gold reserve back to Frankfurt, the Bundesbank said on Wednesday, restoring a bulwark of economic stability the country had stashed away at the height of the Cold War.

Berlin wants to make a payment of 660 million euros to Greece, according to German media reports this week.

"The federal government is ready to pay a total of 660 million euros to Greece when it meets certain requirements," daily newspaper Die Welt said.

Citing the German Treasury, it said this amount concerns interest earnings on Greek bonds.

German business confidence unexpectedly rose in June to a record high, as strong domestic consumption and robust exports combined to make company executives increasingly upbeat about the growth outlook for Europe's largest economy.

Italian PM Mateo Renzi unleashed some tough criticism against Austria and Germany, during an interview on Italian TV. Renzi blasted the head of the German central bank ‘Deutsche Bundesbank’, Jens Weidmann, underlining that the ‘time they were lecturing us us is over’. ‘The director has so many problems to be concerned with.

According to financial newspaper ‘Wall Street Journal’, the new quantitative easing measures announced Thursday by European Central bank (ECB) President Mario Draghi are opposed by the German central bank, Bundesbank. The paper cites a source from the German bank as saying that the new round of money printing will create a vicious circle of high expectations and disappointments in the market.

More than half of small and medium-sized companies in Germany believe the mass migrant influx can help alleviate the country's shortage of qualified labor and most are willing to hire refugees, a survey revealed on Jan. 26.

Greeks might be on the verge of total impoverishment, but the German households are wealthier than ever, according to report released Monday by the German central bank, the Bundesbank. The total income of Germans in the first quarter of 2015 amounted to a record 5,212 trillion euros, an increase of 140 billion in comparison to 2014.

 Weidmann increases pressure on Frankfurt to toughen its stance

By Yiannis Papadoyiannis

The euro will not fall if Greece quits the single currency area, German central bank chief Jens Weidmann said in a newspaper interview published on Thursday.

Eurozone finance ministers were set to hold crunch talks over Greece Thursday, after a barrage of warnings that the country risks a damaging exit from the EU if it fails to strike a deal with its creditors.