Report: FDP politician Theurer ought to be part of the Bundesbank board | EUROtoday

As of: 7:43 p.m | Reading time: 2 minutes

DThe federal authorities desires to ship FDP politician Michael Theurer to the Bundesbank board. The Reuters information company and the German Press Agency discovered this from authorities circles. Theurer is at the moment Parliamentary State Secretary within the Federal Ministry of Transport, and the economist can also be the Federal Government Commissioner for Rail Transport. Since 2013 he has additionally been state chairman of the FDP Baden-Württemberg. The FDP-led finance ministry mentioned Theurer's {qualifications} have been past query. The “Handelsblatt” had beforehand reported the identical. The Bundesbank declined to remark.

Government circles mentioned the personnel wouldn’t be dropped at the cupboard for affirmation on Wednesday. There have been lately three vacant positions on the board, which usually has six members. But one in all them has now been clarified. The former finance minister of North Rhine-Westphalia, Lutz Lienenkämper (CDU), is to maneuver to the Bundesbank on the suggestion of the NRW state authorities. In addition to the federal authorities, the state of Hesse may fill one other place. This place has been open for a really very long time.

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As the “Handelsblatt” additional reported, the federal authorities may also suggest Bundesbank board member Sabine Mauderer as Bundesbank Vice President. The deputy place grew to become vacant after the incumbent Claudia Buch moved to the highest of the ECB banking supervision at first of the 12 months.

With Theurer, a politician affiliated with the FDP can be transferring onto the Bundesbank board for a very long time. The Liberals are holding their celebration convention this weekend. On Monday, the FDP presidium handed a decision with twelve factors “to accelerate the economic turnaround”. This consists of, amongst different issues, a reform of the citizen's allowance, the abolition of pensions at 63, tax benefits for additional time and the entire abolition of the solidarity surcharge.