Blogs your wayBusiness Week (Free subscription) | 03/09/2010
European Central Bank council member Axel Weber said the bank could accept government bonds with lower credit ratings as collateral against loans if a higher risk premium were applied.
Market Watch (Free subscription) | 03/09/2010
LONDON (MarketWatch) -- Germany's economic recovery remains "intact" despite a recent slowdown in growth, German Bundesbank President Axel Weber, who is also a member of the European Central Bank's Governing Council, said Tuesday. "Taking the various factors into account, I firmly believe that the recovery process which began in the third quarter of 2009 is essentially...
Market Watch (Free subscription) | 03/10/2010
FRANKFURT (MarketWatch) -- German Bundesbank President Axel Weber said Wednesday the so-called "Volcker rule," which aims to bar banks from certain forms of risk trading, has "significant shortcomings." One shortcoming of the Volcker rule is that it most likely would not apply to investment vehicles, such as hedge funds or investment banks, said Weber, who...
Business Week (Free subscription) | 03/09/2010
European Central Bank council member Axel Weber indicated he’s opposed to the establishment of a European Monetary Fund if its purpose is to provide emergency financial aid to countries.
The Baseline Scenario (Free subscription) | 02/19/2010
By Simon Johnson Given recent maneuverings around European Central Bank (ECB) appointments and the obvious discomfort of Mario Draghi – he carries the Goldman Sachs connection now like other people carry albatrosses – the German financial-industrial complex seems to regard Axel Weber as a “done deal” to become the new ECB president. Such an assumption is premature....
Mostly Economics (Free subscription) | 02/16/2010
Despite Francesco Giavazzi’s wise words, the speculation over the next ECB president keeps getting hotter. WSJ economics blog points to a Bloomberg survey which polls 27 econs on their prediction. 25 vote for Axel Weber, Bundesbank President. WSJ has a nice profile of Weber as well: When Bundesbank President Axel Weber recently took the stage of this city’s...
EconomicPolicyJournal.com (Free subscription) | 02/16/2010
So says WSJ's Brian Blackstone:The nomination of Portuguese central banker Vitor Constancio to be the next European Central Bank vice president in May has made the top ECB job, which opens in October 2011, German Bundesbank chief Axel Weber’s to lose, ECB watchers say.Constancio, 66, brings an extensive political resume that Weber–whose background before joining Bundesbank...
Business Week (Free subscription) | 02/15/2010
Germany’s Axel Weber leads the race to succeed Jean-Claude Trichet as president of the European Central Bank and Portugal’s Vitor Constancio is likely to be his deputy, a survey of economists shows.
Business Week (Free subscription) | 02/15/2010
Germany’s Axel Weber leads the race to succeed Jean-Claude Trichet as president of the European Central Bank after Portugal’s Vitor Constancio was nominated for the deputy’s job.
Financial Times (Free subscription) | 03/17/2010
Axel Weber and Mario Draghi, the two candidates who have emerged to replace Jean-Claude Trichet as ECB, could sharpen further the banks's profile as a conservative guardian of the Europe's single currency
davos (Free subscription) | 03/11/2010
... Angela Merkel, said an EMF could not be set up without a change to the EU treaty, a daunting task. Axel Weber, the head of Germany’s central bank, dismissed the idea as a “sideshow”. The French finance minister, Christine Lagarde, said it was not an “absolute priority”. Progress on such a scheme is always likely to stall because euro-zone countries are...
iStockAnalyst.com (Free subscription) | 03/09/2010
The most probable replacement to Trichet, Axel Weber who is a member of ECB's governing council said earlier on Bloomberg TV that extend and pretend is now shifting to Europe warning that Germany's Q1 growth could be negative, of course qualifying the statement that everything past this quarter will be stronger. Weber said that "a very weak first quarter means that the second...
Credit Writedowns (Free subscription) | 03/09/2010
According to Bundesbank President Axel Weber, Germany’s economic recovery is “essentially intact”, and is now set to benefit from stronger demand in countries outside the euro region. “I firmly believe that the recovery process that began in summer 2009 is essentially intact, and that it will continue despite the slower growth dynamic in the winter semester. [...]...
A Fistful of Euros (Free subscription) | 03/09/2010
According to Bundesbank President Axel Weber, Germany’s economic recovery is “essentially intact”, and is now set to benefit from stronger demand in countries outside the euro region. “I firmly believe that the recovery process that began in summer 2009 is essentially intact, and that it will continue despite the slower growth dynamic in the winter semester. [...]...
France24 (Free subscription) | 03/10/2010
Talk of a European version of the International Monetary Fund to rescue errant EU states is little more than a distracting sideshow, analysts and a key central banker say. Rather than creating new institutions, the European Union (EU) should make the present framework of its currency union more credible, German central bank chief Axel Weber said Tuesday. "Any other discussion is...