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:
“These men, in teaching us how to die, have at the same time taught us how to live. If this man’s acts and words do not create a revival, it will be the severest possible satire on the acts and words that do. It is the best news that America has ever heard.... How many a man who was lately contemplating suicide has now something to live for!”
—Henry David Thoreau (1817–1862)