Wissings Railway Representative Theurer goes to the Bundesbank
**Michael Theurer, currently Secretary of State in the Transport Ministry, will be joining the Board of the Bundesbank. The Federal Cabinet made this decision on a Wednesday, as reported by government sources. The confirmation of Theurer's appointment at the Bundesbank will still require a hearing. Additionally, former North Rhine-Westphalia Finance Minister Lutz Lienenkemper from the CDU was also appointed to the Bundesbank Board on the recommendation of the Bundesrat.
Sabine Mauderer, the current Vice President of the Bundesbank, will become its Deputy President. Theurer is currently Secretary of State in the Federal Transport Ministry and is responsible for rail transportation. He is also the current State Chairman of the FDP in Baden-Württemberg.
Theurer stated that the Cabinet's nomination for the Bundesbank Board 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 executive positions will come to an end, as required by the neutrality of the Bundesbank Board." However, there are still further procedural steps that need to be waited out. Theurer commented on his move to the Bundesbank to "Neckar-Chronik": "For me as an economist, a lifelong dream is coming true."
Federal Finance Minister Christian Lindner, also from the FDP, asked him in the spring if he would accept the offer if it were made. Throughout his life, he has dealt with finances, budgets, and currencies on the communal, state, European, and federal levels. He will remain a member of the FDP and will relinquish all his offices, whether as State Chairman or in the Federal Presidium of his party. According to rumors, a decision on Theurer's successor as rail transportation representative has not been made yet.**
The decision to appoint Michael Theurer to the Board of the Bundesbank was made by the Federal Cabinet, following his role as Secretary of State in the Federal Ministry of Transport, Infrastructure and Urban Development. With his expertise in rail transportation, his move to the Bundesbank could significantly impact German Railways, given the institution's influence over the nation's economic policies.
Volker Wissing, from the Federal Ministry of Transport, Infrastructure and Urban Development, will likely oversee the process of finding a new representative for rail transportation following Theurer's resignation, given his role in the Federal Presidium of the FDP. The Bundesbank's appointment of Theurer and Lutz Lienenkemper is expected to reinforce its relationship with both the Federal Ministry of Transport, Infrastructure and Urban Development and the Federal Bank.
