finance ministry and central bank is. The institutions involved in the process are identified and discussed. As a member of … the Eurozone, Germany's national central bank is not allowed to buy sovereign securities on its own account. The German … the Eurozone and that it makes sense to consolidate central bank and government(s) even when a government is not issuing a …

macroeconomic conditions in the euro area and to low central bank rates. To a much smaller extend these profits are due to flight …