Germany draft Weder onto 'Five Wise Men' panel

German Chancellor Gerhard Schroeder's cabinet approved Beatrice Weder di Mauro, a university economist, as the first woman and first foreigner to join the government's council of economic advisers, the so called "Five Wise Men".

Swiss-born Weder, 38, an economics professor at the University of Mainz in western Germany, succeeds Axel Weber who replaced Ernst Welteke as head of the Bundesbank recently.

The five-member panel, produces annual reports on the economy for the government, Schroeder's s