German President Christian Wulff Quits

German President Christian Wulff announced his resignation over a scandal of a home loan he accepted whilst he was a premier at Lower Saxony. It is perceived by the German press to be the worse domestic political crisis in post-war Germany. His alley Chancellor Angela Merkel said that he had "decided to make a step back and put the interests of the general public to the fore".

So more on the scandal-in December the Bild newspaper published the condemning story, that Wulff received a loan of 500,000 euro from the wife of an affluent business man in October 2008.  Later in Lower Saxony's parliament he denied having any dealings with the business man or his wife. It is then reported that he tried to force the Bild not to break the career killing story which when later under the pressure of the courts he had to issue an apology to Bild cheif edirot Kai Diekmann for his aggressive phone calls.