June 25, 2019, 15:46

Former German Finance Minister Schauble Elected New President of Bundestag

Former German Finance Minister Schauble Elected New President of Bundestag

Former German Finance Minister Schauble Elected New President of Bundestag
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AFP 2017/ STEFANIE LOOSEurope14:25 24.10.2017(updated 15:20 24.10.2017) Get short URL
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Exactly a month after the election, Germany’s Bundestag has started its work on Tuesday, with Wolfgang Schauble being elected as the parliament’s president.

The former German finance minister has been elected president of the Bundestag.

Sputnik has gathered some interesting facts about the 75-year-old politician.

  • Schauble has been in politics for over four decades. He started his political career as a Bundestag MP, and then was appointed leader of Germany’s ruling CDU party, Minister of the Interior and Finance Minister.
  • Wolfgang Schauble became the first finance minister to balance the German budget since 1969, which is why he is called the inventor of the “black zero”. Thanks to him, the German economy currently has a record trade surplus.
  • However, the politician has repeatedly faced severe criticism in a number of EU countries, especially in Greece, for his handling of the euro crisis and adherence to austerity policies.
  • The new Bundestag president is an active supporter of a deeper European integration under Germany’s lead. His main motto is: “We Germans should continue to do everything we can to keep Europe together and as far as we can.”
  • Schauble is an active supporter of globalization: he also demonstrates a strong commitment to the transatlantic alliance with the United States. He spoke out in favor of the trans-Atlantic trade agreement (TTIP), which, however, has not been signed.
  • He is the longest-serving member of the Bundestag.
  • Source: sputniknews.com

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