German President Resigns Over Loan Scandal

[Tx4obama]

German President Christian Wulff is to resign over claims he abused his position, it is being reported.

The country's opposition party had called on Mr Wulff to step down from the largely ceremonial role after state prosecutors asked parliament to end his legal immunity over accusations he accepted undue privilege.

Installed in the post in 2010, he has been criticised over the past two months in a scandal over money, power and political favours that could cost him the job.

It has been alleged he accepted favours when he was premier of the state of Lower Saxony.

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http://uk.news.yahoo.com/german-president-resigns-over-loan-scandal-092105991.html

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Breaking News @BreakingNews
German President Christian Wulff resigns over investigation into favors he allegedly received before becoming head of state - BBC
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[Tx4obama]

1. Additional links/articles below

German president Wulff resigns amid scandal

Berlin (CNN) -- Germany's President Christian Wulff announced his resignation Friday in a televised statement, following a series of scandals that prompted calls for him to stand down.

The German presidency is a largely ceremonial office but Wulff's resignation will be seen as a blow to Chancellor Angela Merkel, who supported his candidacy as president.

Merkel is also expected to give a televised statement Friday. She had been due to meet Italian Prime Minister Mario Monti in Rome.

Wulff, who was the state premiere of Lower Saxony for seven years, was one of Merkel's biggest rivals within the Christian Democrats before being elected to the presidency in 2010.

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http://www.cnn.com/2012/02/17/world/europe/germany-president-scandal/index.html

Germany president resigns over finances scandals

The President of Germany Christian Wulff resigned this morning after prosecutors asked parliament to strip him of his immunity as they investigate allegations of financial impropriety.

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http://www.telegraph.co.uk/news/worldnews/europe/germany/9088257/Germany-president-resigns-over-finances-scandals.html

[lovuian]

2. Merkel is losing more and more power

I will be glad to see her go

She was part of the Bush crowd like Blair