Buba’s Nagel set to replace Sarrazin


Joachim Nagel, the head of the Bundesbank's market operations, was on Thursday nominated to replace Thilo Sarrazin, a former member of the Bundesbank board.

A Bundesbank spokesperson confirmed on Friday that the Western states of Rhineland-Palatinate and Saarland had selected Nagel as their candidate for the executive board position on Thursday. The spokesperson said Nagel's appointment would be subject to approval from the Bundesrat, Germany's upper house of parliament, and confirmation by the

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