Economics

Weidmann Successor at Bundesbank Will Be Chosen by Germany’s SPD

  • Agreement is part of coalition deal presented Wednesday
  • Post is vacant from next year after surprise resignation

Olaf Scholz, right, and Jens Weidmann during the European Banking Congress in Frankfurt in 2018. 

Photographer: Alex Kraus/Bloomberg

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Olaf Scholz’s Social Democrats won the right to nominate the successor to Bundesbank President Jens Weidmann as part of their coalition accord with the Greens and Free Democrats, according to people familiar with the deal.