Germany’s cabinet confirmed yesterday (February 27) that Jens Weidmann will serve a second eight-year term as president of the Deutsche Bundesbank.
Weidmann’s re-appointment came as no surprise to observers of German politics or the eurozone. For some time, senior figures in Germany’s government have been informally arguing for Weidmann to become the next European Central Bank president.
Mario Draghi’s term ends on October 30. European Union governments are likely to formally announce their