Finance Minister Schäuble earlier asserted that the Greek crisis will have no serious consequences for the federal budget. However, President of the German Federal Bank Jens Weidmann views the situation in a different way. Greece’s withdrawal from the Eurozone is likely to create huge ‘holes’ in the federal budget planned by German Finance Minister Wolfgang Schäuble (CDU). Last Wednesday,... 

A German flag flies in front of the Bundesbank headquarters in Frankfurt. A report has revealed a document showing Germany’s central bank predicts that the recession-hit Greece will need more rescue loans from its international creditors by the start of the next year. According to the report published by prominent German magazine Der Spiegel earlier this week, the document from the Bundesbank... 

Germany’s central bank is set to reclaim some of its vast gold reserves held in the US and France, a German daily reported. The move follows an audit criticizing Bundesbank for mismanagement, stating the funds had never been “verified physically.” Bundesbank voiced plans to withdraw its entire 450-ton store of gold bullion from the Bank of France in Paris, and a portion of the 1,500 tons currently... 

Former ECB Chief Economist Says ECB Is In Panic. If anyone thought the bad blood between Germany and the rest of the insolvent proletariat, aka the part of the Eurozone which is out of money (most of it), and which has been now confirmed will be supporting Obama (one wonders what the quid for that particular quo is, although we are certain we will find out as soon as December), complete collapse of... 

The former Bundesbank executive has said that ‘all Jews share a certain gene’ and attacked Muslims for not integrating. A German banker who has said “all Jews share a certain gene” and described Muslims as “dunces” will speak tonight at the London School of Economics amid a row over free speech. Anti-facist campaigners vowed to demonstrate outside the LSE during... 

The Bundesbank said it will ask German President Christian Wulff to dismiss board member Thilo Sarrazin after his remarks about Muslim immigrants and Jews damaged the central bank’s reputation. The board decided unanimously to apply to the President for Sarrazin’s dismissal, the Frankfurt-based Bundesbank said in an e-mailed statement today. It stripped Sarrazin of his responsibilities at the... 

Thilo Sarrazin warned 'less educated' immigrants are making Germany 'dumber' A controversial board member of Bundesbank has come under fire for claiming immigrants are making Germany ‘dumber in a simple way’. Thilo Sarrazin told a business group in Frankfurt that people arriving in the country from Turkey, the Middle East and Africa are less educated than those from other nations. The...