The China Mail - Germany bids farewell to political heavyweight Schaeuble

USD -
AED 3.672497
AFN 65.500716
ALL 82.240365
AMD 366.540192
AOA 917.000336
ARS 1499.765699
AUD 1.438683
AWG 1.8
AZN 1.702876
BAM 1.716947
BBD 2.008779
BDT 123.121897
BHD 0.376083
BIF 2983.096082
BMD 1
BND 1.290246
BOB 11.364963
BRL 5.14079
BSD 0.997366
BTN 95.776272
BWP 13.738917
BYN 2.861031
BYR 19600
BZD 2.005882
CAD 1.40975
CDF 2275.00026
CHF 0.818255
CLF 0.023754
CLP 934.879877
CNY 6.77125
CNH 6.772865
COP 3212.9
CRC 453.775316
CUC 1
CUP 26.5
CVE 97.24986
CZK 21.21655
DJF 177.605127
DKK 6.55952
DOP 58.106768
DZD 133.319038
EGP 50.498898
ERN 15
ETB 159.999761
EUR 0.87754
FJD 2.233205
FKP 0.751676
GBP 0.752075
GEL 2.625002
GGP 0.751676
GHS 11.618669
GIP 0.751676
GMD 73.505836
GNF 8754.548687
GTQ 7.628058
GYD 208.618094
HKD 7.842505
HNL 26.869811
HRK 6.612597
HTG 130.350237
HUF 316.636498
IDR 18091.95
ILS 3.059605
IMP 0.751676
INR 95.66035
IQD 1310
IRR 1375125.000048
ISK 124.760319
JEP 0.751676
JMD 157.939093
JOD 0.709043
JPY 163.706497
KES 129.549718
KGS 87.449799
KHR 4040.000141
KMF 433.000026
KRW 1452.710176
KWD 0.31055
KYD 0.831095
KZT 476.999385
LAK 22604.687912
LBP 89312.17628
LKR 335.150557
LRD 181.474992
LSL 16.759986
LTL 2.95274
LVL 0.60489
LYD 6.398911
MAD 9.356211
MDL 17.653411
MGA 4302.497903
MKD 54.011228
MMK 2100.175193
MNT 3595.831784
MOP 8.05557
MRU 40.067524
MUR 47.489937
MVR 15.449828
MWK 1737.000008
MXN 17.443596
MYR 4.087797
MZN 63.908119
NAD 16.759986
NGN 1364.530209
NIO 36.659729
NOK 9.671498
NPR 152.85091
NZD 1.729825
OMR 0.384499
PAB 0.997353
PEN 3.395006
PGK 4.39715
PHP 61.527045
PKR 277.874985
PLN 3.79665
PYG 5999.473268
QAR 3.644397
RON 4.589304
RSD 103.016003
RUB 78.750389
RWF 1462.119217
SAR 3.754116
SBD 8.081105
SCR 13.699448
SDG 600.000282
SEK 9.68503
SGD 1.292095
SLE 24.224986
SOS 570.006409
SRD 37.851498
STD 20697.981008
STN 21.508491
SVC 8.727065
SZL 16.710239
THB 33.470082
TJS 9.213999
TMT 3.5
TND 2.959503
TRY 47.394902
TTD 6.783426
TWD 32.455103
TZS 2646.503031
UAH 44.851462
UGX 3765.203689
UYU 40.169161
UZS 12040.000396
VES 743.296098
VND 26335.5
VUV 119.16662
WST 2.751008
XAF 575.8555
XAG 0.01735
XAU 0.000248
XCD 2.70255
XCG 1.797472
XDR 0.716179
XOF 575.457375
XPF 105.196938
YER 238.14997
ZAR 16.725597
ZMK 9001.205074
ZMW 18.650689
ZWL 321.999592
  • RBGPF

    0.0000

    66

    0%

  • CMSC

    0.0600

    21.81

    +0.28%

  • NGG

    -0.3500

    80.86

    -0.43%

  • RIO

    -0.3100

    91.64

    -0.34%

  • RYCEF

    -0.1700

    18.7

    -0.91%

  • GSK

    1.7300

    53.71

    +3.22%

  • AZN

    2.8400

    172.48

    +1.65%

  • BP

    -0.6400

    41.67

    -1.54%

  • CMSD

    0.0700

    22.12

    +0.32%

  • RELX

    2.1100

    37.76

    +5.59%

  • BTI

    1.4800

    62.3

    +2.38%

  • VOD

    0.5900

    16.39

    +3.6%

  • BCE

    0.5700

    21.81

    +2.61%

  • BCC

    2.1600

    80.38

    +2.69%

  • JRI

    0.0000

    12.91

    0%

Germany bids farewell to political heavyweight Schaeuble
Germany bids farewell to political heavyweight Schaeuble / Photo: © AFP

Germany bids farewell to political heavyweight Schaeuble

Wolfgang Schaeuble, a leading figure in German politics for decades and an icon of budgetary rigour in the eurozone, was laid to rest Friday after dying at the age of 81.

Text size:

He was a minister under chancellors Helmut Kohl and Angela Merkel and played a key role in German reunification in 1990.

Schaeuble died on December 26 after a long battle with illness.

The funeral service was held in a church in his home city of Offenburg in the southwestern state of Baden-Wuerttemberg.

During the ceremony, regional prime minister Winfried Kretschmann called Schaeuble a "passionate democrat" and "a convinced European".

Prominent members of Schaeuble's conservative Christian Democratic Union (CDU) party attended the service, including CDU leader Friedrich Merz, who in his eulogy described the late politician as a "role model" who "had written history".

Former chancellor Merkel did not attend but was to join a state tribute for Schaeuble in Berlin on January 22, her spokeswoman said.

- 'Pitliless' budget guardian -

As finance minister for eight years under Merkel, Schaeuble carved out a reputation as the guardian of German budgetary discipline, particularly during the Greek debt crisis.

Describing himself as "pitiless" in his management of Germany's public purse, he showed the same exactitude towards his euro partners, insisting on stringent conditions for any bailout contribution by Berlin.

His harsh stance made him unpopular with many Greeks in the aftermath of the financial crisis of 2007-2008 and the ensuing eurozone debt crisis.

Born in Freiburg in 1942, Schaeuble was the longest-serving member of the Bundestag, the lower house of parliament, where he had sat since 1972.

It was under former conservative leader Kohl that the pro-European Schaeuble forged his career, rising through the ranks to eventually become the chancellor's chief of staff.

Together they oversaw Germany's national reunification, before personal tragedy struck -- an assassination attempt by a deranged man in 1990 left him badly injured and forced him to use a wheelchair for the rest of his life.

After a slush-fund scandal shattered Kohl's reputation in the 1990s, Schaeuble spent a period in the political wilderness before making a comeback in the early 2000s.

Although Merkel refused to back him for the role of federal president, He became her interior minister in 2005 and finance minister in 2009.

Schaeuble subsequently served as president of the Bundestag from 2017 until 2021, and remained a member of parliament up until his death.

He is survived by his wife and their four children.

G.Fung--ThChM