| Vice Chancellor of Germany |
Federal Minister of Finance
14 March 2018
|Preceded by|| Sigmar Gabriel (Vice Chancellor)|
Peter Altmaier (Acting Minister of Finance)
|Deputy Leader of the Social Democratic Party|
13 November 2009
|Leader|| Sigmar Gabriel |
|Preceded by||Frank-Walter Steinmeier|
| Leader of the Social Democratic Party |
13 February 2018 –22 April 2018
|General Secretary||Lars Klingbeil|
|Preceded by||Martin Schulz|
|Succeeded by||Andrea Nahles|
|First Mayor of Hamburg|
7 March 2011 –13 March 2018
|Preceded by||Christoph Ahlhaus|
|Succeeded by||Peter Tschentscher|
|Leader of the Social Democratic Party in Hamburg|
6 November 2009 –24 March 2018
|Preceded by||Ingo Egloff|
|Succeeded by||Melanie Leonhard|
|Preceded by||Jörg Kuhbier|
|Succeeded by||Mathias Peterson|
|Minister of Labour and Social Affairs|
21 November 2007 –27 October 2009
|Preceded by||Franz Müntefering|
|Succeeded by||Franz Josef Jung|
|Chief Whip of the Social Democratic Party in the Bundestag|
22 October 2009 –10 March 2011
|Preceded by||Wilhelm Schmidt|
|Succeeded by||Thomas Oppermann|
|Secretary General of the Social Democratic Party|
20 October 2002 –21 March 2004
|Preceded by||Franz Müntefering|
|Succeeded by||Klaus Uwe Benneter|
|Senator for the Interior of Hamburg|
30 May 2001 –31 October 2001
|First Mayor||Ortwin Runde|
|Preceded by||Hartmuth Wrocklage|
|Succeeded by||Ronald Schill|
|Member of the Bundestag|
22 September 2002 –10 March 2011
27 September 1998 –30 May 2001
|Born||14 June 1958|
|Political party||Social Democratic Party|
|Alma mater||University of Hamburg|
Olaf Scholz (German pronunciation: [ˈoːlaf ˈʃɔlts] ; born 14 June 1958) is a German politician serving as Federal Minister of Finance and Vice Chancellor under Chancellor Angela Merkel from the CDU since 14 March 2018. He served as First Mayor of Hamburg from 7 March 2011 to 13 March 2018 and Acting Leader of the Social Democratic Party (SPD) from 13 February to 22 April 2018.
The Federal Ministry of Finance, abbreviated BMF, is the cabinet-level finance ministry of Germany, with its seat at the Detlev-Rohwedder-Haus in Berlin and a secondary office in Bonn. The current Federal Minister of Finance is Olaf Scholz (SPD).
Angela Dorothea Merkel is a German politician serving as Chancellor of Germany since 2005. She served as the leader of the centre-right Christian Democratic Union (CDU) from 2000 to 2018. Merkel has been widely described as the de facto leader of the European Union, the most powerful woman in the world, and by many commentators as the leader of the Free World.
The Christian Democratic Union of Germany is a Christian democratic and liberal-conservative political party in Germany. It is the major catch-all party of the centre-right in German politics. The CDU forms the CDU/CSU grouping, also known as the Union, in the Bundestag with its Bavarian counterpart the Christian Social Union in Bavaria (CSU). The party is widely considered an effective successor of the Centre Party, although it has a broader base.
A member of the Bundestag from 1998 to 2001 and again from 2002 to 2011, Scholz was Minister of the Interior of Hamburg under First Mayor Ortwin Runde from May to October 2001 and General Secretary of his party under Chairman and Chancellor Gerhard Schröder from 2002 to 2004. He served as Federal Minister of Labour and Social Affairs in Merkel's first Grand Coalition from 2007 to 2009 and Leader of the SPD in Hamburg from 2000 to 2004 and again from 2009 to 2018.
The Bundestag is the German federal parliament. It can be compared to the lower house of parliament along the lines of the United States House of Representatives, the Irish Dáil Éireann or the House of Commons of the United Kingdom, with the Bundesrat, though a separate institution, having a similar role to the upper house of a bicameral parliament.
Ortwin Runde is a German politician from the Social Democratic party. He was the First Mayor of the Free and Hanseatic City Hamburg from 1997 to 2001.
Gerhard Fritz Kurt Schröder is a German politician, and served as Chancellor of Germany from 1998 to 2005, during which his most important political project was the Agenda 2010. As a member of the Social Democratic Party of Germany (SPD), he led a coalition government of the SPD and the Greens.
Born in the northwestern city of Osnabrück, Scholz grew up in Hamburg’s Rahlstedt district and studied at the University of Hamburg to become a lawyer specializing in labour law.
Osnabrück is a city in the federal state of Lower Saxony in north-west Germany. It is situated in a valley penned between the Wiehen Hills and the northern tip of the Teutoburg Forest. With a population of 168,145 Osnabrück is one of the four largest cities in Lower Saxony. The city is the centrepoint of the Osnabrück Land region as well as the District of Osnabrück.
Rahlstedt is a quarter (Stadtteil) in the Wandsbek borough (Bezirk) of the Free and Hanseatic city of Hamburg in northern Germany. In 2016, the population was 90,631.
The University of Hamburg is a comprehensive university in Hamburg, Germany. It was founded on 28 March 1919, having grown out of the previous General lecture system and the Colonial Institute of Hamburg as well as the Akademic Gymnasium. In spite of its relatively short history, six Nobel Prize Winners and serials of scholars are affiliated to the university. The University of Hamburg is the biggest research and education institution in Northern Germany and one of the most extensive universities in Germany. The main campus is located in the central district of Rotherbaum, with affiliated institutes and research centres spread around the city state.
A former Vice President of the International Union of Socialist Youth, Scholz represented Hamburg Altona in the Bundestag between 1998 and 2001 as well as between 2002 and 2011. From May to October 2001, he was Minister of the Interior (Innensenator) of Hamburg under First Mayor Ortwin Runde and from 2002 to 2004 he was Secretary-General of the SPD; he resigned from that office when Chancellor Gerhard Schröder, facing disaffection within his own party and hampered by persistently low public approval ratings, announced that he would step down as chairman of the Social Democratic Party.
The International Union of Socialist Youth (IUSY) is an international organization, founded in 1907, whose activities include publications, support of member organizations and the organization of meetings. It was formed as the youth wing of the Second International under the name Socialist Youth International. IUSY now has 145 member organisations - including 122 full members and 23 observer members - from 106 countries. IUSY gained status as an international youth NGO with UN ECOSOC consultative status in 1993.
Hamburg Altona is one of the 299 single member constituencies used for the German parliament, the Bundestag. Located in west Hamburg, the district was created for the 1949 election, the first election in West Germany after World War II. The first two elections in the district were won by the Christian Democratic Union (CDU), however, the district was gained by the Social Democratic Party of Germany (SPD) at the 1957 election. The SPD have held the district since then, with the sole exception of the 1987 election, when it was regained by the CDU. The constituency is almost coterminous with the borough of Altona, one of the seven boroughs (Bezirke) of Hamburg. The exception is a very small portion of the borough east of Schulterblatt Street. The current MP is Olaf Scholz of the SPD, who has represented the district since the 1998 election.
Scholz served as the SPD parliamentary group’s spokesperson on the inquiry committee investigating the German Visa Affair in 2005. Following the federal elections later that year, he served as First Parliamentary Secretary of the SPD parliamentary group. In this capacity, he worked closely with the CDU parliamentary floor manager Norbert Röttgen to manage and defend the grand coalition led by Chancellor Angela Merkel in parliament.He also served as member of the Parliamentary Oversight Panel (PKGr), which provides parliamentary oversight of Germany’s intelligence services BND, MAD and BfV. In addition, he was a member of the parliamentary body in charge of appointing judges to the Highest Courts of Justice, namely the Federal Court of Justice (BGH), the Federal Administrative Court (BVerwG), the Federal Fiscal Court (BFH), the Federal Labour Court (BAG), and the Federal Social Court (BSG).
The visa affair is the name given by the German press to the controversy that arose in early 2005 over a change in the procedure for issuing visas to foreign nationals seeking to enter Germany from non-EU, Eastern European states. The new visa policy put in place in 2000, it was claimed, dispensed with safeguards against abuses such as illegal immigration and human trafficking in favour of speeding up the issuing process for tourist visas. The affair prompted the resignation of the responsible Minister of State Ludger Volmer of the Green party from his roles in the Bundestag foreign affairs committee and as foreign affairs spokesperson of his party. The claims severely damaged the reputation of his party colleague, Foreign Minister Joschka Fischer. The allegation was that changes had been made to the previous tougher visa rules, without correct political procedure. Some commentators have suggested that the increase in the number of Ukrainians visiting Germany may have promoted a more positive view of Western Europe, assisting the Orange Revolution.
Norbert Röttgen is a German politician of the Christian Democratic Union. He was Federal Minister for Environment, Nature Conservation and Nuclear Safety from 2009 to May 2012.
In modern Germany with its parliamentary system of government on federal and on state level, grand coalition describes a governing coalition of the two biggest parties in one parliament. In most cases this means a coalition of the Union and the Social Democrats (SPD).
Scholz succeeded Franz Müntefering as Federal Minister of Labour and Social Affairs in the first cabinet of Chancellor Angela Merkel, when Müntefering left office in November 2007.
Franz Müntefering is a German politician and industrial manager. He was Chairman of the Social Democratic Party (SPD) from 2004 to 2005 and again from 18 October 2008 to 13 November 2009. He served as Federal Minister of Labour and Social Affairs, as well as Vice-Chancellor, from 2005 to 2007.
Merkel's first cabinet led the government of Germany from 22 November 2005 to 27 October 2009 throughout the 16th Bundestag. Led by Christian Democrat Angela Merkel, the first female chancellor in German history, the cabinet was supported by a grand coalition between the Christian Democratic Union (CDU), Christian Social Union of Bavaria (CSU), and the Social Democratic Party of Germany (SPD). It followed the Second Schröder cabinet. It ceased to function after the formation of Second Merkel cabinet, which was created after the 2009 federal elections, and was later sworn in on 28 October 2009.
Following the 2009 elections, Scholz served as deputy chairman of the SPD parliamentary group. Between 2009 and 2011, he served on the group’s Afghanistan/Pakistan Task Force.In 2010 he also participated in the annual Bilderberg Meeting in Sitges, Spain.
On 20 February 2011 the Social Democrats led by Scholz won the 2011 Hamburg state election with 48.3% of the votes, resulting in 62 out of 121 seats in the Hamburg Parliament.Scholz resigned as a member of the seventeenth Bundestag on 11 March 2011 shortly after his election as First Mayor; Dorothee Stapelfeldt, also a Social Democrat, was made Deputy First Mayor.
In his capacity as Mayor, Scholz represented Hamburg and Germany internationally. On 7 June 2011, Scholz attended the state dinner hosted by President Barack Obama in honor of Chancellor Angela Merkel at the White House.As host of Hamburg’s annual St. Matthias' Day banquet for the city’s civic and business leaders, he has invited several high-ranking guests of honour to the city, including Prime Minister Jean-Marc Ayrault of France (2013), Prime Minister David Cameron of the United Kingdom (2016), and Prime Minister Justin Trudeau of Canada (2017). From 2015 until 2018, he also served as Commissioner of the Federal Republic of Germany for Cultural Affairs under the Treaty on Franco-German Cooperation.
In 2013, Scholz opposed a public initiative aiming at a complete buyback of energy grids Hamburg had sold to utilities Vattenfall Europe AG and E.ON decades before; he argued this would overburden the city, whose debt pile stood at more than 20 billion euros at the time.
Scholz participated in the exploratory talks between the CDU, CSU and SPD parties to form a coalition government following the 2013 federal elections.In the subsequent negotiations, he led the SPD delegation in the financial policy working group; his co-chair from the CDU/CSU was Finance Minister Wolfgang Schäuble. Alongside fellow Social Democrats Jörg Asmussen and Thomas Oppermann, Scholz was considered a possible successor to Schäuble in the post of finance minister at the time.
In a paper compiled in late 2014, Scholz and Schäuble proposed redirecting revenue from the so-called solidarity surcharge on income and corporate tax (Solidaritätszuschlag) to subsidize the federal states’ interest payments.
Under Scholz’ leadership, the Social Democrats handily won the 2015 state elections in Hamburg, receiving around 47 percent of the vote.His coalition government with the Green Party – with Green leader Katharina Fegebank serving as Deputy First Mayor – was sworn in on 15 April 2015.
In 2015, Scholz led Hamburg’s bid to host the 2024 Summer Olympics at an estimated budget of 11.2 billion euros ($12.6 billion), competing against Los Angeles, Paris, Rome and Budapest;the citizens of Hamburg, however, later rejected the candidacy in a referendum, with more than half voting against the project.
In 2015, Scholz – alongside Minister-President Torsten Albig of Schleswig-Holstein – negotiated a restructuring deal with the European Commission that allowed the German regional lender HSH Nordbank to offload 6.2 billion euros in troubled assets – mainly non-performing ship loans – onto its government majority owners and avoid being shut down, saving around 2,500 jobs.
On 14 March 2018, Olaf Scholz became Federal Minister of Finance.
Within the first months in office, Scholz became one of Germany’s most popular politicians with an approval rating of close to 50 percent.
Within his party, Scholz is widely regarded as part of the conservative wing.
After the 2017 national elections, Scholz was publicly critical of party leader Martin Schulz’s strategy and messaging, releasing a paper titled “No excuses! Answer new questions for the future! Clear principles!” With his proposals for reforming the party, he was widely interpreted to position himself as a potential challenger (or successor) to Schulz within the SPD. In the weeks after his party first started weighing a return to government, Scholz urged compromise and was one of the SPD members more inclined toward another grand coalition.
Since taking office as Minister of Finance, Scholz has been committed to a continued goal of no new debt and limited public spending.In 2018, he suggested the creation of a Europe-wide unemployment insurance system to make the eurozone more resilient to future economic shocks. He also wants to introduce a financial transaction tax.
When Die Tageszeitung interviewed Scholz, then serving as secretary general of the ruling SPD, during a 2003 party conference, he later demanded massive changes and threatened to pull the entire piece. When the editors said they would go ahead and publish it without authorization, Scholz warned that the paper would be excluded from all future SPD background talks.The newspaper published the interview with all of Scholz's answers blacked, and the paper's editor-in-chief Bascha Mika condemned his behavior as a "betrayal of the claim to a free press, a betrayal of the journalist's self-definition, a betrayal of the reader."
Scholz was criticized for his handling of the riots that took place during 2017 G20 summit in Hamburg; Mayor Scholz apologized to residents, but refused to resign.
Olaf Scholz is married to Britta Ernst (born 1961); they have no children. She is also a politician (SPD).
The couple lived in Hamburg's Altona district before moving to Potsdam in 2018.
Sigmar Hartmut Gabriel is a German politician who was Minister for Foreign Affairs from 2017 to 2018 and Vice-Chancellor of Germany from 2013 to 2018. He was Leader of the Social Democratic Party of Germany (SPD) from 2009 to 2017, which made him the party's longest-serving leader since Willy Brandt. He was the Federal Minister of the Environment from 2005 to 2009 and the Federal Minister for Economic Affairs and Energy from 2013 to 2017. From 1999 to 2003 Gabriel was Prime Minister of Lower Saxony.
Wolfgang Tiefensee is a German SPD politician. He was the Federal Minister for Transport, Building and Urban Development in the grand coalition cabinet led by Angela Merkel between 2005 and 2009. Since 2014, he has been the State Minister of Economy, Science and the Digital Society in the government of Thuringia's Minister-President Bodo Ramelow
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Andrea Maria Nahles is a German politician who has served as Leader of the Social Democratic Party (SPD) since April 2018 and the leader of the SPD in the Bundestag since September 2017. She served as a Federal Minister of Labour and Social Affairs from 2013 to 2017 and SPD Youth leader. She is known within the party for criticising Gerhard Schröder's Agenda 2010.
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Bettina Hagedorn is a German politician (SPD). Since September 2002 she is a member of the German Bundestag for Ostholstein - Stormarn-Nord, since 2018 Parliamentary State Secretary in the Federal Ministry of Finance under minister Olaf Scholz in the fourth coalition government of Chancellor Angela Merkel.
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|Party political offices|
| Secretary General of the Social Democratic Party |
Klaus Uwe Benneter
| Leader of the Social Democratic Party |
| Minister of Labour and Social Affairs |
Franz Josef Jung
| First Mayor of Hamburg |
| Vice Chancellor of Germany |
| Minister of Finance |