The China Mail - Germany's next finance minister, 'bridge-builder' Lars Klingbeil

USD -
AED 3.672497
AFN 64.999709
ALL 81.925001
AMD 362.820272
ANG 1.790365
AOA 917.000186
ARS 1524.861701
AUD 1.444492
AWG 1.8
AZN 1.703007
BAM 1.733158
BBD 2.015756
BDT 123.052656
BGN 1.683441
BHD 0.37702
BIF 2995
BMD 1
BND 1.281424
BOB 12.054428
BRL 5.223901
BSD 1.000833
BTN 96.45446
BWP 14.158233
BYN 3.014683
BYR 19600
BZD 2.012832
CAD 1.42233
CDF 2310.000104
CHF 0.83069
CLF 0.024862
CLP 981.710243
CNY 6.7046
CNH 6.715665
COP 3320.28
CRC 457.240078
CUC 1
CUP 24.018396
CVE 97.712812
CZK 21.755502
DJF 177.71965
DKK 6.64769
DOP 59.64979
DZD 133.648678
EGP 52.318049
ERN 15
ETB 163.475001
EUR 0.88926
FJD 2.253795
FKP 0.753812
GBP 0.757875
GEL 2.595035
GGP 0.753812
GHS 11.715029
GIP 0.753812
GMD 73.491746
GNF 8755.000124
GTQ 7.645479
GYD 209.346324
HKD 7.84635
HNL 26.865513
HRK 6.699102
HTG 130.978015
HUF 327.939496
IDR 17958.8
ILS 3.086098
IMP 0.753812
INR 96.22505
IQD 1310
IRR 1746539.000348
ISK 121.839922
JEP 0.753812
JMD 157.630753
JOD 0.709009
JPY 157.8335
KES 129.641813
KGS 87.446993
KHR 4053.132006
KMF 434.999674
KPW 900.000318
KRW 1363.01501
KWD 0.30884
KYD 0.834057
KZT 443.471634
LAK 22442.975382
LBP 89622.18589
LKR 330.728128
LRD 171.587828
LSL 16.694995
LTL 2.95274
LVL 0.60489
LYD 6.411393
MAD 9.760381
MDL 17.819861
MGA 4419.297095
MKD 54.774475
MMK 2099.783199
MNT 3598.053803
MOP 8.089432
MRU 40.068766
MUR 47.819926
MVR 15.460582
MWK 1735.373872
MXN 18.32054
MYR 4.087902
MZN 63.900301
NAD 16.694969
NGN 1328.219955
NIO 36.828953
NOK 9.635797
NPR 154.325085
NZD 1.78729
OMR 0.384504
PAB 1.000833
PEN 3.453202
PGK 4.464491
PHP 62.80896
PKR 277.237331
PLN 3.89284
PYG 5831.841625
QAR 3.648069
RON 4.752499
RSD 104.515987
RUB 83.373869
RWF 1476.791379
SAR 3.756193
SBD 8.064852
SCR 13.772623
SDG 601.499925
SEK 10.046905
SGD 1.28053
SHP 0.754575
SLE 24.598405
SLL 20969.491881
SOS 571.929887
SRD 37.672496
STD 20697.981008
STN 21.711004
SVC 8.757067
SYP 13002.000254
SZL 16.695005
THB 33.671971
TJS 9.217388
TMT 3.51
TND 2.997019
TOP 2.40776
TRY 49.112398
TTD 6.789784
TWD 31.899898
TZS 2635.002977
UAH 44.939475
UGX 3973.556883
UYU 40.28499
UZS 11829.395814
VES 859.10005
VND 25982
VUV 119.747847
WST 2.7762
XAF 583.316537
XAG 0.016397
XAU 0.000239497152
XCD 2.70255
XCG 1.803617
XDR 0.707052
XOF 583.316537
XPF 105.684789
YER 236.374995
ZAR 16.714265
ZMK 9001.200605
ZMW 19.680804
ZWL 321.999592
SSP 5712.591897
MXV 2.073391
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Germany's next finance minister, 'bridge-builder' Lars Klingbeil
Germany's next finance minister, 'bridge-builder' Lars Klingbeil / Photo: © AFP/File

Germany's next finance minister, 'bridge-builder' Lars Klingbeil

Germany's incoming finance minister Lars Klingbeil is a self-styled political "bridge-builder" whose calm and personable demeanour belies his sharp political instincts.

Text size:

Despite the bruising election loss of his centre-left Social Democrats (SPD), he will control the purse strings of Europe's top economy under conservative chancellor-in-waiting Friedrich Merz.

Klingbeil -- who studied political science, sociology and history, not finance -- will wield a spending "bazooka" worth hundreds of billions of euros to rebuild Germany's military and infrastructure, agreed by the outgoing parliament.

Having established a friendly rapport with campaign-trail foe Merz during weeks of post-election coalition talks, he will also serve as his vice chancellor, setting Klingbeil up for a potential future run at the top job himself.

Holding the powerful dual position at the tender age of 47 caps the career so far of a politician who favours dialogue and consensus over bluster and open power plays.

Klingbeil is "a politician who is ready to compromise, not an authoritarian leader who imposes his views on others", said political scientist Wolfgang Schroeder of Kassel University.

Der Spiegel magazine has described Klingbeil as "unflappable, unpretentious, unthreatening... almost boring."

He is someone who "weighs things up, thinks things through, and even slows things down when everyone else is convinced that a quick decision is necessary", it said.

It added that Klingbeil, who stands a towering 1.96 metres (6ft 5in) tall, "takes CrossFit and kickboxing classes several times a week, often before work, but then acts as if he couldn't hurt a fly".

Klingbeil himself states on his LinkedIn profile that he believes that "political compromises aren't inherently bad. I can say from my experience: building bridges is something I've always found enriching and something I can only encourage."

- 'Embrace your critics' -

When Philipp Tuermer, the head of the SPD's youth wing, laid into him over the coalition's plans to curb migration, Klingbeil defended the right of his young colleague to express a different opinion.

"That is the Klingbeil method: embrace your critics –- if in doubt, just about firmly enough that they no longer have room to move," Der Spiegel wrote.

Klingbeil was born in Soltau, near the northern city-state of Hamburg, and still lives in the same region with his wife, political scientist Lena-Sophie Mueller, and their young child, a boy born last summer.

As a youth, sporting an eyebrow piercing, Klingbeil was a member of a punk band, and he still plays the guitar and reportedly keeps several of them in his office.

After a stint performing civil service helping the homeless instead of military service, he went on to university.

He worked in the office of former SPD chancellor Gerhard Schroeder, from whom he has since distanced himself due to the former leader's closeness to Vladimir Putin.

Klingbeil first entered the Bundestag in 2005 and he has served as the SPD's co-chair since 2021, together with Saskia Esken.

The SPD suffered the worst defeat in its history in February's election, winning just 16.4 percent of the vote.

After outgoing Chancellor Olaf Scholz said he would take a back seat in coalition negotiations, Klingbeil became the main the torch carrier for the SPD, forging a congenial relationship with Merz.

Klingbeil is a Bayern Munich fan and a former member of the advisory board at Germany's biggest football club.

In recent weeks, Klingbeil, a former smoker, for the first time spoke publicly about being diagnosed with oral cancer in 2014, saying the ordeal had taught him to "approach things a bit more calmly".

"You look at life differently when you've had a brush with death," he told Die Zeit weekly.

Y.Parker--ThChM