Bundesbank bigmouth gets boot

Published on 2 September 2010 at 08:59

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"The German Federal Bank (Bundesbank) has fired Sarrazin", the Berliner Zeitung reveals, reporting that the board of directors of Germany's central bank voted in favour of dismissing their controversial member. Thilo Sarrazin has been at the centre of a media storm since the recent publication of his book ("Germany is self-destructing") that expounds racist ideas concerning the lack of integration of Jews and Muslims into German society. This is not the first time that the banker has been at the centre of controversy, but "this time, the board wanted to be finished with him once and for all", notes the daily. Now, it must be decided "how" to fire their renegade colleague: the judicial procedure requires a finding that Sarrazin committed "a serious offence that damaged the bank's reputation", a rather imprecise criterion that leaves much room for interpretation.

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