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Bundesbank President Jens Weidmann
Photo: RALPH ORLOWSKI / REUTERS
The Bundesbank wants to make itself heard in the European Commission with its own representative office in Brussels.
So far the Frankfurt institution has only sent a few employees, for example to the Committee on Economic and Monetary Affairs and the Permanent Representation of the Federal Republic to the European Union (EU);
they should stay there in the future.
But apparently that's no longer enough for the Bundesbank.
She is currently holding talks with the German government about a branch in Brussels in order to intensify her lobbying work.
Nothing has been officially decided yet.
Internally, however, the plans are well advanced;
We are talking about four employees with whom the "Bundesbank Embassy" is supposed to start.
Burkhard Balz is responsible for the project internally.
The CDU member was a member of the European Parliament from 2009 to 2018 and is today responsible for the Bundesbank's public image on the board of directors.
“We want to listen and be heard in Brussels.
Increased dialogue will move Europe forward, ”a Bundesbank spokesman confirmed the plans.
The move is likely to cause considerable irritation in Europe;
Usually the central banks of the euro member countries do not have their own representative offices in Brussels.
Even the European Central Bank (ECB) is only represented there with a small team.
But now, of all things, the Bundesbank is upgrading.
The Germans are among the toughest critics of the ECB's monetary policy.
In their decision-making body, the council, their positions are often in the minority and are outvoted.
Now the Bundesbank is trying to increase its influence in Europe via Brussels.
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