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Weidmann to get another eight years at Bundesbank - German source

Weidmann to get another eight years at Bundesbank - German source
German Bundesbank President Jens Weidmann delivers a speech during a dinner of the Hellenic Bank Association in Athens, Greece, August 30, 2018. REUTERS/Alkis Konstantinidis   -   Copyright  ALKIS KONSTANTINIDIS(Reuters)
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FRANKFURT/BERLIN (Reuters) – The German government is likely to extend Bundesbank President Jens Weidmann’s tenure for another eight-year term, a government source said on Tuesday, confirming a report in the Sueddeutsche Zeitung newspaper.

Weidmann, a member of the European Central Bank’s governing council, is serving an eight-year term that expires in April. Asked whether Weidmann would be asked to stay on, the source said: “That’s how it will play out.”

(Reporting by Holger Hansen and Douglas Busvine; Editing by Joseph Nasr)

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