Mannheim / MUNICH (AFX) – The decision on the succession of prominent Ifo chief Hans-Werner Sinn has fallen to a newspaper report: The economics professor and president of the Center for European Economic Research (ZEW), Clemens Fuest , the new head of the Ifo Institute for Economic Research was to be reported to the “Münchner Merkur” (Friday), citing Munich business circles. An Ifo spokesman declined can not comment, but announced a release for this Friday at. On the day the annual meeting of the Ifo Institute is to, when even German Economics Minister Sigmar Gabriel (SPD) speaks. For several months
Fuest was talking for the post. According to the report, the joint appointment process of the Ifo Institute and Ludwig Maximilian University of Munich was completed very quickly. Fuest take over from 1 April 2016, the successor of sense and will allow the sixth Ifo President. On Tuesday already Minister Ilse Aigner (CSU) have informed the Bavarian Cabinet on Personnel, reported the newspaper.
The 46-year-old Fuest since 2013 president of the ZEW, actually would be contract there until the end of February 2018 expired. Since 2003 he is a member of the Scientific Advisory Board of the Federal Ministry of Finance, recently he was appointed in the Commission, which controls the minimum wage. Sense is at the head of the Ifo Institute since February 1999.. Under his leadership achieved the hitherto largely insignificant Institute scientific reputation. The published monthly Ifo Business Climate Index is now considered the most important leading indicator for the German economy.
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