The Bundesbank in The News
In 2004 the president of the Bundesbank, Ernst Welteke, resigned after the press published allegations that his hotel bills for a New Year celebration had been paid by a commercial bank and he was criticized for his handling of the affair. There were also some allegations that this was part of a political intrigue to remove Welteke from office because he opposed selling Bundesbank gold reserves, as desired by the government. After Pöhl (see above), Welteke was the second Bundesbank president to resign.
Read more about this topic: Deutsche Bundesbank
Famous quotes containing the word news:
“I wouldn’t interfere with the actual news itself, but TV is show biz, Max, and even the news has to have a little showmanship.”
—Paddy Chayefsky (1923–1981)