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Welteke, Ernst

Born: 1942 AD
Currently alive, at 79 years of age.
Nationality: German
Categories: Economist

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.