ECB hawk and German central bank chief Jens Weidmann quits, cites personal reasons

European Central Bank member Jens Weidmann announced Wednesday that he will be stepping down as governor of the German central bank at the end of the year due to personal reasons.

"I have come to the conclusion that more than 10 years is a good measure of time to turn over a new leaf – for the Bundesbank, but also for me personally," Weidmann said in a letter to the bank's staff.

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