I have found a very interesting article written in the website of the European Wilderness Society on the Wolf in Germany. Access to original source here.
The story is not new to those who work with large carnivores in human dominated environments. Some part of the society asks to protect this icon of the wilderness while others are lobbying for legal killing.
The previous research done on this topic shows that legal killing will not help to diminish ilegal killing of the species nor reduce the livestock losses. Where there are large carnivores and free-ranging unprotected livestock, there will be always a conflict. We must assume it. The goals (everybody´s goal) should be to diminish such losses while keeping viable populations of these carnivore that are healthy and populated enough to have their role in the ecosystem.
In the link provided at the beginning of this article, you can find valuable information on the insignificant economic losses that wolves produce. The wolf’s damage counts thus for 0,08% of the total wildlife-damage in Germany.

Livestock protection is the long term solution
Killing of wolves has counterproductive effects as it breaks the pack structure. The flow of experience and learning process from the elders to the younger animals is one of the most important factors in order that wolves learn how to hunt wild animals like wild boar, red deer or roe deer. If the elders are killed, the young ones will seek easier prey like livestock. Killing wolves does increase livestock damage and human wild life conflict.
The most effective solution is to protect the livestock using electric fences, guarding dogs and other methods to dissuade wolves approaching the livestock.
Have a look at the website of the European Wilderness Society to find out more on the Wolf in Germany.