Ernst Welteke

Ernst Welteke

A German politician who served as president of the Bundesbank from 1999 to 2004. Welteke served as president during the transition from the deutschemark to the euro. He was born in 1942.
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Previous years' annual MNI seminars in London have featured ECB Chief Economist Otmar Issing and ECB policymaker Ernst Welteke, Prof Weber's predecessor as head of the Deutsche Bundesbank; DeAnne Julius and Steve Nicholl of the Bank of England's Monetary Policy Committee; and Kenneth Clarke when he was UK Chancellor of the Exchequer.
The ministry said in a statement the government will propose Weber to succeed Ernst Welteke, who stepped down as Bundesbank president on Friday over a scandal.
THE head of Germany's Bundesbank, Ernst Welteke, resigned yesterday after coming under heavy criticism for taking a free hotel stay from a commercial bank.
On April 7, the former deputy finance minister of the Kohl government took over from Bundesbank President Ernst Welteke, 61, on a temporary basis.
The head of Germany's Bundesbank, Ernst Welteke, said there had been improvement in the world economy, but cautioned that policy-makers faced an unfamiliar road ahead with inflation and interest rates at their lowest levels in decades.
The ECB's board member Ernst Welteke said he was comfortable with the euro level but it did make the business climate more difficult.
German central bank president Ernst Welteke said an examination by market regulators in Germany had found unusual transactions in airline and insurance stocks in the days before the attacks, as well as in the oil and gold markets.
Bundesbank president-designate Ernst Welteke warned it would be tough for exporters if the rally persisted.
Gold has been increasingly in the news in recent weeks: a while ago the President of the Deutsche Bundesbank, Ernst Welteke, stated that the Bundesbank would not exclude reducing it's holding of gold after 2004.
Weber will succeed Ernst Welteke, who stepped down as Bundesbank president on Friday over a scandal.
Just in case you have not yet heard, president of the German Bundesbank Ernst Welteke is under fire for letting Dresdner (a commercial bank regulated by the Bundesbank) foot his hotel bill for a four-day stay at a posh Berlin hotel over the 2001-2002 New Year's holiday.
Board member Eugenio Domingo Solans said on Monday the ECB expected inflation to be below two per cent this year while Bundesbank President Ernst Welteke said inflation should fall further from April's 2.