Bundesbank President Jens Weidmann surprisingly gives up his post as head of the Bundesbank. This ended an epoch in European monetary policy: Weidmann was an advocate of a moderate monetary and debt policy, succeeding Axel Weber. The approach followed the tradition of the Deutsche Bundesbank in the time before the introduction of the euro: At that time, the hard D-Mark was a trademark of German monetary policy, a communitisation of national debts in Europe was unthinkable and was also included in the treaties due to the expertise of the Bundesbanker taken from Maastricht.
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