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.