No guarantee Germany will name new Buba chief on Wednesday – govt spokesperson

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FILE PHOTO: Germany's Bundesbank President Jens Weidmann speaks during an economics conference in Linz

BERLIN – There is no guarantee that Germany will decide on a successor to Bundesbank President Jens Weidmann at a cabinet meeting next Wednesday, a government spokesperson said.

“I cannot promise or confirm that the succession of Jens Weidmann as head of the Bundesbank will be in the cabinet on Wednesday,” Steffen Hebestreit said at a regular government news conference on Friday.

Weidmann will step down five years ahead of time on Dec. 31 after a decade of largely fruitless opposition to the European Central Bank’s largesse under successive presidents.

(Reporting by Miranda Murray; Editing by Maria Sheahan)