Berlin, Feb. 17: In a blow to Chancellor Angela Merkel, who is busy devising mechanism to bailout Europe from the debt crisis, his scandal hit President Christian Wulff resigned on Friday, saying that he had lost faith of people.
In a statement Wulff said 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," Wulff said.
Following the resignation Merkel postponed her trip to Rome, where she was scheduled to meet Italian Prime Minister Mario Monti.
In a late Thursday evening development state prosecutors in Hannover asked parliament to end Wulff’s legal immunity over accusations that he accepted favors. In a first
Wulff is the second president in two year after Horst Koehler to step down. Koehler had to resign in 2010 following his comments about the German mission in Afghanistan.