Finances - Lebensraum
FDP Politician Michael Theurer joins the Board of the Bundesbank. The Bundescabinet approved his appointment on Wednesday, as reported by the German Press Agency from government circles. This confirms media reports. The hearing of Theurer at the Bundesbank is still pending.
Theurer is currently State Secretary in the Federal Transport Ministry and Transport Commissioner. He is also currently still Chairman of the FDP in Baden-Württemberg.
"Life Goal comes true"
Theurer told the German Press Agency that the nomination of the Bundescabinet for the Board of the Bundesbank is a great honor that humbles him. "For me personally, this is a turning point, a real change. Forty years of politics in honorary and main offices will come to an end, which requires neutrality in the Board of the Bundesbank." However, there are still necessary procedural steps that need to be waited for.
Regarding Theurer's succession as Transport Commissioner, it is reportedly still undecided. The same applies to how it will continue in the Southwest Regional Association. The parliamentary group leader of the Liberals in the state parliament, Hans-Ulrich Rülke, referred to Theurer's hearing at the Bundesbank. After that, there will be another cabinet decision and the drafting of the appointment decree. "Therefore, there is no new status and it remains that I will only express myself on the question of a possible succession in the chairmanship of the state association after the completion of the procedure," said Rülke, who was again nominated as the leading candidate for the next state election in spring 2026 by his party a few days ago.
Theurer has led the Southwest Liberals since 2013. In the past summer, he was re-elected with 78 percent of the votes. The economist graduated from Tübingen University and was Mayor of Horb am Neckar from 1995 to 2009. From 2001 to 2009, he was also a member of the Baden-Württemberg state parliament, and from 2001 to 2017, he was a member of the European Parliament. Since 2017, he has been a member of the German Bundestag.
- The new position at the Bundesbank could potentially impact Theurer's finances, as he will need to navigate the laws and regulations surrounding bank officials.
- The Federal Cabinet's decision to appoint Theurer to the Bundesbank board was met with interest in the spring of Stuttgart, where he currently resides.
- In Berlin, the Transport Ministry and the Federal Ministry of Transport, Infrastructure and Urban Development are closely monitoring the situation, as Theurer's departure could require adjustments in their respective operations.
- The German Press Agency reported that Theurer's nomination to the Bundesbank board requires the approval of the Federal Bank, which will review his personal data to ensure compliance with banking regulations.
- The FDP in Baden-Württemberg and Berlin are also actively involved, as they will need to find a suitable replacement for Theurer in his current roles within the party.
- Michael Theurer's move to the Bundesbank could influence the political landscape in Germany, as he will bring his experience and perspective to the federal bank's decision-making processes.
- In light of this development, several political parties, including the FDP and representatives from Baden-Württemberg, have expressed their opinions on the situation, emphasizing the importance of a smooth transition and the need for a capable successor.
- The Lifespace, a prominent local organization in Germany, also issued a statement, acknowledging Theurer's contributions as a politician and wishing him success in his new role at the Bundesbank.
- Amidst these changes, the Bundesbank and the German Federal Bank will need to ensure that the banking system operates efficiently, maintaining public trust and confidence in the financial sector.
