Axel Weber, named by Germany to head the Bundesbank, is an economist of high international standing, European Central Bank chief economist Otmar Issing told on Wednesday. "Mr Weber is an internationally renowned scholar in the field of economics," Issing told before holding a speech at an event organised by a bank.
Weber, named by his government to head the German central bank, will also take a seat on the 18-strong Governing Council of the ECB, which sets euro zone interest rates. ///