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Angela Merkel''s hand-picked choice for the ceremonial post of president resigned on Friday in a scandal over political favours, dealing a blow to the German chancellor in the midst of the euro zone debt crisis. In a curt five-minute statement at the Bellevue presidential palace, Christian Wulff acknowledged that he had lost the trust of the German people, making it impossible to continue in a role that is meant to serve as a moral compass for the nation.
"For this reason it is no longer possible for me to exercise the office of president at home and abroad as required," said Wulff, standing next to his wife Bettina. The search for a successor to Wulff could become a distraction for Merkel at a time when her government is embroiled in tough talks on a second bailout package for Greece, although analysts said they expected any impact on the negotiations to be limited.

Copyright Reuters, 2012

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