Central Banking

Welteke's parting words

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Here we republish Ernst Welteke's personal statement on his resignation from the Bundesbank. In the statement Welteke said the Bundesbank's independence continued to be flouted and that the trust between himself and the Ministry of Finance had been "irreparably destroyed".

Personal statement by Bundesbank President Ernst Welteke

The Deutsche Bundesbank has released the following personal statement by Bundesbank President Ernst Welteke:

Frankfurt am Main, 16 April 2004

Dear Mr Vice-President

Dear

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