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Press releases of the CESifo Group.

Latest press releases

  1. Capital Flight from Greece Accelerates Dramatically

    Feb 27, 2015: Capital flight from Greece accelerated dramatically in January. Last month Greece’s Central Bank asked the other central banks in the Eurozone, as well as the ECB head office, to fill foreign bank accounts with a net sum of almost 27 billion euros. The Eurosystem thus effectively granted Greece over a billion euros per working day in additional overdraft credit. This was revealed by the latest figures released by the Greek central bank, reported the Ifo Institute on Friday in Munich. “To prevent a replay of events in Cyprus in 2012, the ECB should force the Greek government to introduce capital controls by refusing to grant more fresh emergency liquidity assistance,” said Ifo President Hans-Werner Sinn. Details

  2. Credit Constraint Indicator - From the Ifo Business Survey for February 2015

    Credit Constraints Hit Historic Low Once Again

    Feb 27, 2015: Credit constraints for German companies fell to 16.2 percent in February from 17.1 percent last month, taking them 0.9 percentage points below the historic low reached in January. The flood of money expected from the European Central Bank seems to be encouraging banks to further ease their already loose credit constraints. Details

  3. Results of the Ifo Business Survey for February 2015

    Ifo Business Climate Index for Eastern German Länder Remains on the Rise

    Feb 26, 2015: The Ifo Business Climate for the Eastern German Länder improved for the third month in succession. The satisfaction of Eastern German companies with their current business situation rose markedly this month. Survey participants in Eastern Germany are also no longer as pessimistic about future business developments as previously. The pace of positive developments in the Eastern German economy picked up. Details

  4. Ifo Employment Barometer - Results of the Ifo Business Survey for February 2015

    German Firms Recruit Fewer Staff

    Feb 25, 2015: German firms proved slightly less willing to recruit new staff this month. The Ifo Employment Barometer fell to 106.8 index points in February from 108.1 index points in January. There were setbacks in the service sector and a growing number of bright spots in manufacturing. Details

  5. 2015 EEAG Report on the European Economy

    Feb 24, 2015: • World GDP to grow by 3.5 percent in 2015 • US GDP to expand by 3.2 percent, while Russia falls into recession • European Union and Eurozone GDP to grow by 1.3 and 0.9 percent respectively • A unified energy market should be established in the European Union Details

Press contact

Harald Schultz

Ifo Institute
Press, Publications, Conferences
Phone: +49(0)89/9224-1218
Fax: +49(0)89/9224-1267

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