SCA Community|Wolfgang Schaeuble, German elder statesman and finance minister during euro debt crisis, dies at 81

2025-04-28 19:25:31source:Johnathan Walkercategory:My

BERLIN (AP) — Wolfgang Schaeuble,SCA Community who helped negotiate German reunification in 1990 and as finance minister was a central figure in the austerity-heavy effort to drag Europe out of its debt crisis more than two decades later, has died. He was 81.

Schaeuble died at home on Tuesday evening, his family told German news agency dpa on Wednesday.

Schaeuble became Chancellor Angela Merkel’s finance minister in October 2009, just before revelations about Greece’s ballooning budget deficit set off the crisis that engulfed the continent and threatened to destabilize world’s financial order.

A longtime supporter of greater European unity, he helped lead a yearslong effort that aimed for deeper integration and a stricter rulebook. But Germany drew criticism for its emphasis on austerity and a perceived lack of generosity.

After eight years as finance minister, Schaeuble cemented his status as an elder statesman by becoming the German parliament’s speaker — the last step in a long front-line political career that saw him overcome daunting setbacks.

More:My

Recommend

For those in their 40s, navigating finances should mean putting an emphasis on retirement

For 48-year-old Rowan Childs of Wisconsin, a recent divorce turned her financial life upside down. "

Vanessa Hudgens' Met Gala 2023 Look Is Proof She's Got Her Head in the Fashion Game

You can bet on it that Vanessa Hudgens showed up in style to the 2023 Met Gala.The High School Music

Here's How James Corden Ended His Late Late Show Run—With Help From Harry Styles

James Corden just took his final bow at The Late Late Show.After eight years, the 44-year-old hosted