Wolfgang Schaeuble: Germany's Fjnance Minister To Quit.
Wolfgang Schaeuble, the eurozone's staunchest advocate of austerity policies, is set to leave his post as Germany's finance minister, according to officials in Europe's biggest economy.
In a statement, CDU and CSU officials Volker Kauder and Alexander Dobrindt said they had nominated Schaeuble, 75, to become speaker of the new parliament.
"We are pleased that Wolfgang Schaeuble agreed to stand for this office," Volker Kauder and Alexander Dobrindt said in a statement.
Schaeuble, a longtime ally of Merkel, has been the most powerful backer of tight fiscal discipline for stricken eurozone member states.
Wolfgang Schaeuble, the eurozone's staunchest advocate of austerity policies, is set to leave his post as Germany's finance minister, according to officials in Europe's biggest economy.
In a statement, CDU and CSU officials Volker Kauder and Alexander Dobrindt said they had nominated Schaeuble, 75, to become speaker of the new parliament.
"We are pleased that Wolfgang Schaeuble agreed to stand for this office," Volker Kauder and Alexander Dobrindt said in a statement.
Schaeuble, a longtime ally of Merkel, has been the most powerful backer of tight fiscal discipline for stricken eurozone member states.
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