Born: Aug 21, 1942 AD
Currently alive, at 70 years of age.
1942 - Born on August 21st in Germany. German politician and political economist.
- Ernst Welteke, the president of the Bundesbank, which oversees Germany’s banks, lost his job because of an expensive weekend.
1974 - Member of the Hessian State Parliament.
1994 - The finance minister of Hesse.
1999 - President of Deutsche Bundesbank (German Federal Bank).
2002 - Dresdner Bank had paid for four-night stay for him and his family at luxury hotel in Berlin.
2004 - Ernst Welteke stepped down as head of the Bundesbank, succumbing to a scandal involving a $9,335 hotel bill, among other things.
- He was replaced by Axel A. Weber, an academic economist as the president of the Bundesbank.
Page last updated: 10:56pm, 12th Jul '07