Germany's "lacklustre" economy will likely stagnate again in the third quarter, the Bundesbank central bank said Monday, as weak demand from abroad and high interest rates take their toll on Europe's industrial powerhouse.Europe's largest economy is "still lacklustre" and "still experiencing a period of weakness", it added.
Bundesbank President Joachim Nagel has warned of the dangers of a bank run through fake news. Nagel: "We must not rest on our laurels, but must look closely and sharpen up on 'blind spots' in supervision" The case of the Silicon Valley Bank has shown that it is necessary to become faster, said Nagel. He had heard from a colleague from South Korea that a task force of the banking supervisory authority was systematically monitoring social media.