Merkel names Weber’s successor


Jens Weidmann, an economic adviser to German chancellor Angela Merkel, has been nominated to replace Axel Weber, the president of the Bundesbank, when he steps down in April.

At a press conference in Berlin on Wednesday, Merkel said Weidmann, a former head of monetary policy analysis at the Bundesbank, would take over as president of the central bank on May 1. Weber, once mooted as a candidate for the presidency of the European Central Bank, on Friday announced his intention to resign from the B

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