I respect Jens Weidmann’s decision to step down from his position as President of Deutsche Bundesbank at the end of this year after more than 10 years of service, but I also immensely regret it. Jens is a good personal friend on whose loyalty I could always count.
As the Governing Council’s longest serving member he had
unparalleled experience that he was always ready to share. In the past
two years we built a very strong and productive relationship based on
our joint commitment to furthering European unity, fulfilling the ECB’s
price stability mandate, helping the euro area economy through the
unprecedented crisis caused by the coronavirus, and stabilising the
global economy shaken by the effects of the pandemic.
While Jens had clear views on monetary policy I was always impressed
by his search for common ground in the Governing Council, by his
empathy for his Eurosystem colleagues, and his willingness to find a
compromise. One of the many moments this became evident was in our work
on the strategy review where he significantly contributed to its
successful, unanimous agreement in the Governing Council.
I will miss Jens and his always constructive and good-humoured approach in all of our discussions.
ECB
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