German chancellor's 'regret' at president's resignation

17 February 2012 Last updated at 06:06 ET Help

German President Christian Wulff has announced his resignation, after prosecutors called for his immunity to be lifted.

An ally of Chancellor Angela Merkel, Mr Wulff has been embroiled in a scandal over a home loan.

Angela Merkel, said she accepted the resignation "with regret". She said political parties would now start consultations over his successor.

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