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Financials

PROFILE-German central bank president Jens Weidmann

Position: Bundesbank President

Incumbent: Jens Weidmann

Date of Birth: Apr. 20, 1968

Term: Eight years, from May 2011

Key Facts:

-- Weidmann studied economics in Aix-en-Provence, Paris, and Bonn, where former Bundesbank chief Axel Weber served as one of his doctoral dissertation advisers. He did internships at the Bank of France, the German economy ministry and the central bank of Rwanda before joining the International Monetary Fund.

-- From 2003 to 2006 he headed the monetary policy analysis department at the Bundesbank. He spent the past five years as Chancellor Angela Merkel’s top economic adviser, wielding major influence over policy as Germany struggled to contain the global financial crisis and its worst recession since World War Two.

-- As Merkel’s adviser, Weidmann urged her to resist quick aid for Greece and to involve the IMF in any European aid programme, winning both arguments over the opposition of Finance Minister Wolfgang Schaeuble.

-- Weidmann became Bundesbank president in May 2011 after his predecessor Weber shocked Germany and its European partners in February by announcing plans to resign from the central bank a year before his term was to end.

-- People who have worked closely with him say Weidmann, who is married with two children, has a quiet, almost shy, manner and a sharp economic mind, strong opinions and a feel for politics that Weber, who came to the Bundesbank directly from academia, sometimes seemed to lack. (Writing by Noah Barkin and Andrew Torchia)

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