Jens Weidmann
Economy
President of Bundesbank: Debt Extension Proposal too Late for Greece
The president of Germany's Bundesbank says there can be a three-year extension on the maturities of a country's bonds if it requests a European Stability Mechanism bailout program. But the president says that it's too late for Greece to...
Greece
ECB Officials Uncertain About Greece
While Greece is expected to submit its detailed proposals for a new bailout deal today, two European Central Bank officials are being cautious about the prospect of an agreement.
Prior to the European Central Bank Governing Council decision on Wednesday to...
Economy
Bundesbank: 'Grexit Will Cause Deficit in Germany's Budget'
Bundesbank sent a warning to the German government regarding the consequences the Grexit would have to Germany’s economy.
The exit of Greece from the Eurozone is likely to create “holes” worth billions of euros in Wolfgang Schäuble’s budget, warned Bundesbank...
Economy
Wednesday's European Central Bank Meeting Crucial for Greece
The European Central Bank meeting on Wednesday will be crucial for Greece as bank governors, such as Bundesbank's Jens Weidmann, will certainly ask for a warning message to be sent to Greece regarding liquidity.
European bankers who hold a hard...
Economy
Greece Among Main Topics in G7 Summit
German Finance Minister Wolfgang Schaeuble and Bundesbank President Jens Weidmann host their G7 counterparts - Britain, France, Germany, USA, Japan, Italy, Canada - in Dresden on May 27-29.
Among the main topics to be discussed will be Greece, although no decisions...
Economy
Bundesbank Chief says ECB is Not Greece 's Rescuer
The European Central Bank (ECB) should not be used as Greece’s rescuer, the head of Germany’s central bank Jens Weidmann told a German newspaper, warning that the decision for Greece’s future in the Eurozone is clearly political.
Asked whether he...
Economy
Bundesbank Head: Euro Zone Debt in Danger, No More Emergency Aid to Greece
Debt in the euro zone has entered the "danger zone," said the head of Deutsche Bundesbank Jens Weidmann on Friday. He also said Greece is running out of time.
Weidmann stated that in the euro zone public debt is at...
Economy
ECB Extends Greek ELA by 600 Million Euros
Today, the European Central Bank (ECB) decided to increase the maximum amount of Emergency Liquidity Assistance (ELA) that Greek banks can receive from the country's central bank by a further 600 million euros.
The decision was made following a teleconference held...
Economy
ECB's Weidmann: Greece Has Lost a Lot of Trust
The chief of the Federal Central Bank of Germany (Bundesbank) Jens Weidmann told Reuters that the decisions regarding the funding needs of Greece lie with the European Union governments and Parliaments, rather than the European Central bank.
Mr. Weidmann argued...
Cyprus
ECB to Change Rules to Buy Greek, Cypriot Debt
The European Central Bank is set to change its rules to allow it to buy asset-backed securities with junk ratings issued by Greek and Cypriot banks.
The ECB’s executive board, meeting Thursday (2 October), is to propose that its requirements...