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.
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Famous quotes containing the word news:
“The good news may be that Nature is phasing out the white man, but the bad news is that’s who She thinks we all are.”
—Alice Walker (b. 1944)