Berlin confirms it is pushing for Weidmann to get eight more years at Bundesbank

Germany's Bundesbank President Weidmann delivers a speech in Berlin
FILE PHOTO: Germany’s Bundesbank President Jens Weidmann delivers a speech in Berlin, Germany, August 23, 2018. REUTERS/Hannibal Hanschke

January 16, 2019

BERLIN (Reuters) – The German Finance Ministry on Wednesday confirmed reports that said the German government was pushing for an extension of Jens Weidmann’s contract as president of the Bundesbank, Germany’s central bank, for another eight years.

Weidmann’s first term expires in April. The extension would in theory keep Weidmann in the mix as a possible successor to ECB chief Mario Draghi, whose job will become available at the end of October, although Bank of France Governor Francois Villeroy de Galhau is seen as the frontrunner.

The Bundesbank said Weidmann was “a very passionate monetary policy maker and is looking forward to a second term”.

(Reporting by Sabine Siebold in Berlin and Frank Siebelt in Frankfurt; Writing by Michelle Martin; Editing by Madeline Chambers)

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