Weidmann to get another eight years at Bundesbank: German source

FRANKFURT/BERLIN (Reuters) – The German government is likely to extend Bundesbank President Jens Weidmann’s tenure for another eight-year term, a government source said on Tuesday, confirming a report in the Sueddeutsche Zeitung newspaper.

Weidmann, a member of the European Central Bank’s governing council, is serving an eight-year term that expires in April. Asked whether Weidmann would be asked to stay on, the source said: “That’s how it will play out.”

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