Dispute over Bundesbank board plans - report

A dispute has arisen between the German government and the governments of the individual German states over plans to reduce the management board of Deutsche Bundesbank, the German central bank, Die Welt reported.

There has been speculation for some time that the number of members on the board could be reduced from eight to seven when Jurgen Stark, the deputy chairman of Bundesbank, transfers to the European Central Bank at the end of May, the report said.

Axel Weber, the chairman of Bundesbank,