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

USD -
AED 3.67298
AFN 70.823013
ALL 86.775569
AMD 388.915041
ANG 1.80229
AOA 916.00029
ARS 1165.000022
AUD 1.56485
AWG 1.8025
AZN 1.725034
BAM 1.720875
BBD 2.018575
BDT 121.46782
BGN 1.719448
BHD 0.376902
BIF 2973.52826
BMD 1
BND 1.306209
BOB 6.908081
BRL 5.613981
BSD 0.99974
BTN 84.489457
BWP 13.685938
BYN 3.271726
BYR 19600
BZD 2.008192
CAD 1.38313
CDF 2878.000221
CHF 0.82535
CLF 0.024716
CLP 948.450004
CNY 7.269496
CNH 7.26963
COP 4197
CRC 504.973625
CUC 1
CUP 26.5
CVE 97.016862
CZK 21.912971
DJF 178.02982
DKK 6.56345
DOP 58.838798
DZD 132.52396
EGP 50.785603
ERN 15
ETB 134.165658
EUR 0.879195
FJD 2.261003
FKP 0.7464
GBP 0.748875
GEL 2.744945
GGP 0.7464
GHS 14.246433
GIP 0.7464
GMD 71.500564
GNF 8658.621888
GTQ 7.69911
GYD 209.794148
HKD 7.75648
HNL 25.944257
HRK 6.623697
HTG 130.612101
HUF 355.279662
IDR 16618.75
ILS 3.62579
IMP 0.7464
INR 84.542499
IQD 1309.640606
IRR 42100.000025
ISK 128.279933
JEP 0.7464
JMD 158.264519
JOD 0.709299
JPY 143.034015
KES 129.430095
KGS 87.44998
KHR 4001.777395
KMF 432.250385
KPW 899.962286
KRW 1422.97993
KWD 0.30643
KYD 0.833176
KZT 513.046807
LAK 21614.701341
LBP 89576.724931
LKR 299.271004
LRD 199.948086
LSL 18.615568
LTL 2.95274
LVL 0.60489
LYD 5.457033
MAD 9.266636
MDL 17.160656
MGA 4439.086842
MKD 54.126919
MMK 2099.391763
MNT 3573.279231
MOP 7.987805
MRU 39.562664
MUR 45.160016
MVR 15.39428
MWK 1733.575599
MXN 19.522097
MYR 4.314974
MZN 64.009766
NAD 18.615896
NGN 1602.520288
NIO 36.788547
NOK 10.383565
NPR 135.187646
NZD 1.689835
OMR 0.385001
PAB 0.99974
PEN 3.665568
PGK 4.08192
PHP 55.868503
PKR 280.902072
PLN 3.759073
PYG 8007.144837
QAR 3.643899
RON 4.376897
RSD 103.124079
RUB 81.242148
RWF 1436.169979
SAR 3.750752
SBD 8.361298
SCR 14.215028
SDG 600.497601
SEK 9.64629
SGD 1.30636
SHP 0.785843
SLE 22.750038
SLL 20969.483762
SOS 571.317956
SRD 36.850118
STD 20697.981008
SVC 8.747487
SYP 13001.4097
SZL 18.59929
THB 33.419936
TJS 10.537222
TMT 3.51
TND 2.969282
TOP 2.342098
TRY 38.474995
TTD 6.771697
TWD 32.034304
TZS 2695.000166
UAH 41.472624
UGX 3662.201104
UYU 42.065716
UZS 12930.219053
VES 86.54811
VND 26005
VUV 120.409409
WST 2.768399
XAF 577.175439
XAG 0.031024
XAU 0.000305
XCD 2.70255
XDR 0.71673
XOF 577.165282
XPF 104.934823
YER 245.049905
ZAR 18.56175
ZMK 9001.20839
ZMW 27.817984
ZWL 321.999592
  • RBGPF

    -0.4500

    63

    -0.71%

  • SCS

    0.1500

    10.01

    +1.5%

  • CMSD

    -0.1300

    22.35

    -0.58%

  • BCC

    -0.8300

    94.5

    -0.88%

  • NGG

    0.1900

    73.04

    +0.26%

  • CMSC

    -0.0800

    22.24

    -0.36%

  • RELX

    0.4300

    53.79

    +0.8%

  • JRI

    0.1300

    12.93

    +1.01%

  • BCE

    0.1100

    21.92

    +0.5%

  • RIO

    0.0100

    60.88

    +0.02%

  • RYCEF

    -0.1300

    10.12

    -1.28%

  • GSK

    0.9100

    38.97

    +2.34%

  • VOD

    0.0100

    9.58

    +0.1%

  • AZN

    1.7800

    71.71

    +2.48%

  • BTI

    0.4700

    42.86

    +1.1%

  • BP

    -1.0600

    28.07

    -3.78%

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