Interview with Ernst Welteke

Ernst Welteke, president of the Deutsche Bundesbank, talks with the editor of the Quarterly Journal of Central Banking, Robert Pringle about the forthcoming restructuring of theBundesbank, the euro, the ECB and the need for greater politicalintegration in Europe.

Q. There is much debate in Germany at present about the "restructuring" of the Bundesbank. What has caused this debate and is a restructuring necessary?

A. The restructuring is necessary for two reasons. Technological progress and with

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