Bundesbank's Sarrazin stripped of duties for xenophobic comments

DDP/DPA/The Local
DDP/DPA/The Local - [email protected]
Bundesbank's Sarrazin stripped of duties for xenophobic comments

Bundesbank board member Thilo Sarrazin was stripped of some of his responsibilities on Tuesday in a symbolic protest of anti-immigrant comments he made last month.


The 64-year-old, who served as Berlin’s finance senator before joining the central bank's, lost control of the institution's cash operations, however, he will retain responsibility of information technology and risk control.

The Bundesbank gave Sarrazin’s other division to fellow board member Hans Georg Fabritius after a meeting in Frankfurt and said the decision would go into immediate effect.

Internal sources said that Bundesbank President Axel Weber had made a particular effort to disempower Sarrazin after he made the remarks that sparked widespread outrage.

In a recent interview with the Lettre International magazine Sarrazin claimed that "a great many Arabs and Turks in [Berlin], whose numbers have grown because of the wrong policies, have no productive function other than as fruit and vegetable sellers."

The remarks raised the calls for his resignation after Weber said they had caused “damage to the institution's reputation.”

Though he has since apologised for the remarks, Sarrazin refused to step down from the Bundesbank's board. According to news magazine Der Spiegel, the bank’s legal department found his comments were not grave enough to allow for a dismissal.

Meanwhile a survey by pollster Emnid for Bild am Sonntag over the weekend found that 51 percent of Germans largely agreed with Sarrazin, while just 39 percent disagreed.


Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also