Conservative head of German state of Saxony resigns

The premier of the German state of Saxony, Georg Milbradt -- a member of Chancellor Angela Merkel's Christian Democrats -- said on Monday he would resign after criticism of his handing of a state banking crisis.

Conservative head of German state of Saxony resigns
The premier of the German state of Saxony, Georg Milbradt -- a member of Chancellor Angela Merkel's Christian Democrats -- said on Monday he would resign after criticism of his handing of a state banking crisis.

"I have decided, 16 months ahead of the the state elections, to hand over to a successor as state premier and as head of Saxony's Christian Democrats," Milbradt told reporters, saying he would stand down on May 28.

Milbradt has faced calls to resign over his handling of a banking crisis in the state and over accusations that he and his wife had used the bank for personal investments.

Last Mod: 15 Nisan 2008, 09:09
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