Bundesbank

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Germany Wants Its Gold Returned

Germany wants gold that it stores in France and the United States returned to it, according to reports. The Bundesbank’s total gold holdings top $200 billion in value, representing 3400 tons of gold. 1,500 tons of gold are stored in the vaults of the Federal Reserve Bank in New York City, and 450 tons with the Bank […]

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Bundesbank disapproves of ECB bond buying.

The German Bundesbank has increased pressure on German Chancellor Angela Merkel’s attempts at shoring up support for the ECB bailout of the sovereign debts of Italy and Spain in an attempt to stave off unsustainable future borrowing costs for the two beleaguered EU states. This just highlights the coordination difficulties inherent in the current financial […]

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