Bundesbank votes to dismiss board member

3 September 2010

The board of the Bundesbank, the central German bank, has voted in favour of requesting the dismissal of a member for his comments on race and immigrants.

According to the financial institution, the executive made an “unanimous decision” to vote to request the removal of Dr Thilo Sarrazin.

The board member, in a recently published book, has claimed that the economic potential of Germany will be damaged by immigrants and that all Jews have a certain gene.

In a statement, the bank said: “The Deutsche Bundesbank’s corporate governance officer, Professor Uwe Schneider, fully supports this application.”

Earlier in the week, the firm stated that “the members of the executive board of the Deutsche Bundesbank are obliged, in any political activity, to exercise the moderation and restraint commensurate with their position with regard to society at large and with due regard to the duties of their office”.

“In his statements, Dr Sarrazin has been breaching this obligation repeatedly and to an increasingly serious extent.”

Christian Wulff, president of the Bundesbank, has yet to respond to the request for the dismissal of the board member.

By Jim Ottewill

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