Hans Tietmeyer, ex-head of Germany's Bundesbank, dies at 85



Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BERLIN (AP) — Germany's central bank says former president Hans Tietmeyer, who was at the helm of the Bundesbank when the euro was introduced, has died. He was 85.

The Bundesbank said that Tietmeyer died on Tuesday. It didn't give any further details Wednesday in announcing his death.

Tietmeyer headed the Bundesbank from October 1993 until August 1999, his term expiring a few months after the common European currency made its debut on financial markets.

Tietmeyer said in comments posted on the Bundesbank's website earlier this year that a "transfer union" in Europe would be "very dangerous."

Tietmeyer said that a degree of "togetherness of policies is necessary in order to make a currency union sustainable, and this unfortunately has not happened in Europe to the degree that it should have happened."

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast