Weidmann takes over as Bundesbank chief

Jens Weidmann

Christian Wulff, the president of the Federal Republic of Germany, on Monday formally appointed Jens Weidmann as president of the Bundesbank.

On Monday, the position of president of the Bundesbank was ceremoniously passed from Axel Weber to Weidmann at the Bundesbank central office in Frankfurt. In his inaugural address, Weidmann indicated he hoped to see monetary policy in Europe get back to normality as soon as possible.

"Short-term crisis measures can, when administered as a long-term

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