Bundesbank Asks German President to Dismiss Sarrazin
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The Bundesbank said it will ask German President Christian Wulff to dismiss board member Thilo Sarrazin after his remarks about Muslim immigrants and Jews damaged the central bank’s reputation.
The board decided unanimously to apply to the President for Sarrazin’s dismissal, the Frankfurt-based Bundesbank said in an e-mailed statement today. It stripped Sarrazin of his responsibilities at the bank and said its official in charge of corporate governance, Uwe Schneider, fully backed the decision.