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Helmut Schlesinger

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BUSINESS
May 30, 1991 | TYLER MARSHALL, TIMES STAFF WRITER
The German Cabinet approval Wednesday of hard-line monetarist Helmut Schlesinger as president of the Federal Bundesbank signals continuity of Germany's strict interest rates policy. Schlesinger, who has served as vice president to outgoing Bundesbank President Karl Otto Poehl since 1980, will be formally appointed to a two-year term by President Richard von Weizsaecker starting Aug. 1.
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BUSINESS
May 30, 1991 | TYLER MARSHALL, TIMES STAFF WRITER
The German Cabinet approval Wednesday of hard-line monetarist Helmut Schlesinger as president of the Federal Bundesbank signals continuity of Germany's strict interest rates policy. Schlesinger, who has served as vice president to outgoing Bundesbank President Karl Otto Poehl since 1980, will be formally appointed to a two-year term by President Richard von Weizsaecker starting Aug. 1.
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NEWS
March 16, 1993
The directors of the German Bundesbank meet Thursday amid renewed speculation that conditions may have improved enough to permit another cut in interest rates. Optimism for such a reduction jumped in the wake of last weekend's agreement between major political parties on the long-term financing needed to rebuild the former Communist east. Senior Bundesbank officials had repeatedly said there would be no further rates cut without it.
BUSINESS
December 28, 1992 | From Times Staff and Wire Reports
Bundesbank Head Calls for Spending Cuts: The head of Germany's powerful central bank, Helmut Schlesinger, says moderate wage agreements and further savings in public expenditure are vital if German interest rates are to be reduced. The Bundesbank, citing inflation and money supply growth both way above target, has strongly resisted calls to cut its rates, which have been blamed for worsening the slowdown in the German economy and creating turbulence in the currency markets.
BUSINESS
August 16, 1991 | From Reuters
Germany's central bank is raising interest rates to a nine-year high, determined to defend its currency and fight the threat of mounting inflation. The Bundesbank's discount lending rate will go up today to 7.5% from 6.5%, Bundesbank President Helmut Schlesinger said. "The wave of price rises now rolling into Germany must ebb," he told reporters in Frankfurt on Thursday after a meeting of the bank's policy-making council. He urged unions and the government to help keep prices under control.
BUSINESS
May 29, 1991 | From Times Wire Services
Helmut Schlesinger, a Bundesbank vice president, has been named to replace Karl Otto Poehl as the central bank's chief, the Finance Ministry said Tuesday. The ministry said in a statement that Schlesinger will take over Poehl's job for two years, after which he is to be replaced by Hans Tietmeyer, a central bank director. Tietmeyer, 59, will be Schlesinger's deputy. According to the statement, Chancellor Helmut Kohl's Cabinet is to formally approve the replacement at a meeting June 12.
NEWS
May 6, 1985 | BETTY CUNIBERTI, Times Staff Writer
With the controversial Bitburg cemetery ceremony behind them, President Reagan and his wife, Nancy, on Sunday night attended the first of three state dinners being held in their honor during their last six days in Europe. The mood at the white-tie dinner, given by West German President Richard von Weizsaecker, was very upbeat.
BUSINESS
October 28, 1992 | TYLER MARSHALL, TIMES STAFF WRITER
Germany's central bank is likely to face increased pressure to cut interest rates in light of estimates Tuesday from five of the nation's leading economic institutes forecasting a slower rate of economic growth through 1993. The prognosis that Germany's gross national product will grow only 1% this year and most likely remain at that level next year is the most pessimistic of a number of government and non-government projections in recent months.
NEWS
December 30, 1988 | Associated Press
The dollar ended the year weaker against most major currencies in thin, abbreviated trading today. Gold prices recovered. Republic National Bank of New York said gold bullion was bid at $410 an ounce as of 4 p.m. EST, up $1.60 from late Thursday, when it lost $5.10 an ounce. Foreign exchange dealers attributed the dollar's weaker tone today largely to comments made by Bundesbank Vice President Helmut Schlesinger in an interview with the West German newspaper Die Welt.
BUSINESS
May 28, 1991 | From Reuters
European currency markets were becalmed Monday with the U.S. and British markets closed for holidays, leaving the dollar to close little changed in quiet trading. Share prices in Frankfurt and Zurich finished higher, but in quiet Paris trading they drifted downward. Gold bullion ended slightly firmer at $356.65 an ounce, against Friday's $356, but barely changed from its opening level. Crude oil prices were unchanged. The dollar ended the trading day at 1.7045 marks and 138.
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