Welteke takes leave from Bundesbank

Reports on Thursday 8 April said that the Bundesbank is resisting pressure from the German government to install Deputy Finance Minister Caio Koch-Weser as president to replace Ernst Welteke who agreed to take leave on Wednesday.

Read the Bundesbank's statement, 7 April

Welteke was urged to resign Thursday by the government, saying he must "act responsibly" and calling for a "clear decision" from the Bundesbank, according to an e-mailed statement from Finance Ministry spokesman Joerg Mueller, B