FRANKFURT (MNI) – The following is the brief statement issued by
the Bundesbank Thursday:
The board of the German Bundesbank and the Board member Dr. Thilo
Sarrazin are aware of their responsibility for the institution of German
Bundesbank. In view of the public discussion, the parties by mutual
agreement will end their association at the end of the month. The board
of the German Bundesbank has retired its application of 3 September 2010
and holds the comments from his press release of 30 August 2010 as
unacceptable. Dr. Sarrazin has asked the President to relieve him from
office. The Executive Board of Deutsche Bundesbank thanks Dr. Sarrazin
for his work as a member of the Board. Both sides will no longer comment
on this matter.
** Market News International **
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