Central Banking

Eichel plans to strengthen role of Buba president

German Finance Minister Hans Eichel Jan. 25, 2001, presented his proposal for streamlining the Deutsche Bundesbank, aimed at strengthening the position of the bank's president at the expense of the nine regional bank heads. But likely opposition to the plans in the upper house of parliament suggests a protracted legislative process that could still add some changes to the reform proposal.

The surrender of monetary policy to the European Central Bank with the introduction of the euro Jan. 1, 19