Hans Michelbach
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Hans Michelbach
Hans Michelbach (born 3 May 1949) is a German politician of the Christian Social Union (CSU) who has been serving as a member of the Bundestag from the state of Bavaria from 1994 until 2021. He represents Coburg. Political career Michelbach became a member of the Bundestag in the 1994 German federal election, representing Coburg. Throughout his time in parliament, he was a member of the Finance Committee. From 1994 until 1998, he also served on the Budget Committee. In this capacity, he was also the party's main spokesman on budgetary matters. In the negotiations to form a ''Grand Coalition'' of the Chancellor Angela Merkel's Christian Democrats ( CDU together with the Bavarian CSU) and the Social Democratic Party (SPD) following the 2013 federal elections, Michelbach was part of the CDU/CSU delegation in the working group on economic policy, led by Ilse Aigner and Hubertus Heil. In the negotiations to form Merkel’s fourth coalition government following the 2017 fed ...
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Bundestag
The Bundestag (, "Federal Diet") is the German federal parliament. It is the only federal representative body that is directly elected by the German people. It is comparable to the United States House of Representatives or the House of Commons of the United Kingdom. The Bundestag was established by Title III of the Basic Law for the Federal Republic of Germany (, ) in 1949 as one of the legislative bodies of Germany and thus it is the historical successor to the earlier Reichstag. The members of the Bundestag are representatives of the German people as a whole, are not bound by any orders or instructions and are only accountable to their electorate. The minimum legal number of members of the Bundestag (german: link=no, Mitglieder des Bundestages) is 598; however, due to the system of overhang and leveling seats the current 20th Bundestag has a total of 736 members, making it the largest Bundestag to date and the largest freely elected national parliamentary chamber in the wo ...
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Fourth Merkel Cabinet
The Fourth Merkel cabinet (German: ''Kabinett Merkel IV'') was the 23rd Government of the Federal Republic of Germany during the 19th legislative session of the Bundestag. It was sworn in on 14 March 2018 following the 2017 federal election and dismissed on 26 October 2021, acting in a caretaker mode until 8 December 2021. It was preceded by the third Merkel cabinet and succeeded by the Scholz cabinet. Led by Chancellor Angela Merkel, it was the third cabinet under Merkel to be supported by a coalition of the Christian Democratic Union (CDU), the Christian Social Union of Bavaria (CSU), and the Social Democratic Party (SPD). Composition The cabinet consists of Chancellor Angela Merkel and fifteen (fourteen since 20 May 2021) federal ministers. Olaf Scholz (SPD) replaced Sigmar Gabriel as Vice Chancellor and CSU Leader Horst Seehofer became Federal Minister of the Interior, Building and Community. Fourteen ministers head a department (since 20 May 2021, one minister heads two de ...
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European Green Deal
The European Green Deal, approved 2020, is a set of policy initiatives by the European Commission with the overarching aim of making the European Union (EU) climate neutral in 2050. An impact assessed plan will also be presented to increase the EU's greenhouse gas emission reductions target for 2030 to at least 50% and towards 55% compared with 1990 levels. The plan is to review each existing law on its climate merits, and also introduce new legislation on the circular economy, building renovation, biodiversity, farming and innovation. The president of the European Commission, Ursula von der Leyen, stated that the European Green Deal would be Europe's "man on the moon moment". Von der Leyen appointed Frans Timmermans as Executive Vice President of the European Commission for the European Green Deal. On 13 December 2019, the European Council decided to press ahead with the plan, with an opt-out for Poland. On 15 January 2020, the European Parliament voted to support the deal as we ...
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Stability And Growth Pact
The Stability and Growth Pact (SGP) is an agreement, among all of the 27 member states of the European Union, to facilitate and maintain the stability of the Economic and Monetary Union (EMU). Based primarily on Articles 121 and 126 of the Treaty on the Functioning of the European Union, it consists of fiscal monitoring of members by the European Commission and the Council of the European Union, and the issuing of a yearly recommendation for policy actions to ensure a full compliance with the SGP also in the medium-term. If a Member State breaches the SGP's outlined maximum limit for government deficit and debt, the surveillance and request for corrective action will intensify through the declaration of an Excessive Deficit Procedure (EDP); and if these corrective actions continue to remain absent after multiple warnings, the Member State can ultimately be issued economic sanctions. The pact was outlined by a resolution and two council regulations in July 1997. The first regulati ...
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Paolo Gentiloni
Paolo Gentiloni Silveri (; born 22 November 1954) is an Italian politician who has served as European Commissioner for Economy in the von der Leyen Commission since 1 December 2019. He previously served as prime minister of Italy from December 2016 to June 2018. After a lengthy career in local politics, Gentiloni was elected to the Chamber of Deputies in 2001. He served in the Cabinet under Romano Prodi as Minister of Communications from 2006 to 2008. In 2007, he was one of the senior founding members of the Democratic Party, and went on to become Party President from 2019 to 2020. Gentiloni later served as Minister of Foreign Affairs from 2014 to 2016 in the Cabinet of Matteo Renzi. Following Renzi's resignation in the wake of a failed constitutional referendum, the Democratic Party held discussions on his replacement. Eventually, Gentiloni won support from his colleagues, and President Sergio Mattarella appointed him Prime Minister on 12 December 2016. Despite being consider ...
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European Commissioner For Economy
The European Commissioner for Economy is a member of the European Commission. The current Economy Commissioner is Paolo Gentiloni. From 2014 to 2019 the post was named ''Commissioner for Economic and Financial Affairs, Taxation and Customs''. Until 2014 the post was named ''Commissioner for Taxation and Customs Union, Audit and Anti-Fraud'' and was previously divided prior to 2010, with audit being under control of the Commissioner for Administrative Affairs. The post was abolished in 2014, when the Juncker Commission merged the post with that of the Economic and Financial Affairs portfolio. The post is responsible for the EU's customs union and taxation policy. The European Union has had a customs union since the creation of the European Economic Community and that union extends to Turkey, Andorra and San Marino. Since 2010 it gained responsibility for audit (budgetary discharge, internal audit, counter fraud): in particular the Internal Audit Service and the European Anti-fr ...
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European Central Bank
The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International use, most important central banks. The Governing Council of the European Central Bank, ECB Governing Council makes the projects for the monetary policy for the European Union with suggestions and recommendations and to the Eurozone with more direct applications of such policies, it also administers the foreign exchange reserves of EU member states in the Eurozone, engages in foreign exchange operations, and defines the intermediate monetary aims and objectives, and also the common interest rates for the EU. The Executive Board of the European Central Bank, ECB Executive Board makes policies and decisions of the Governing Council, and may give direction to the national central banks, especially when doing so for the Eurozone central ...
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Mario Draghi
Mario Draghi (; born 3 September 1947) is an Italian economist, academic, banker and civil servant who served as prime minister of Italy from February 2021 to October 2022. Prior to his appointment as prime minister, he served as President of the European Central Bank (ECB) between 2011 and 2019. Draghi was also Chair of the Financial Stability Board between 2009 and 2011, and Governor of the Bank of Italy between 2006 and 2011. After a lengthy career as an academic economist in Italy, Draghi worked for the World Bank in Washington, D.C., throughout the 1980s, and in 1991 returned to Rome to become Director General of the Italian Treasury. He left that role after a decade to join Goldman Sachs, where he remained until his appointment as Governor of the Bank of Italy in 2006. His tenure as Governor coincided with the 2008 Great Recession, and in the midst of this he was selected to become the first Chair of the Financial Stability Board, the global standard-setter that replaced ...
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Die Zeit
''Die Zeit'' (, "The Time") is a German national weekly newspaper published in Hamburg in Germany. The newspaper is generally considered to be among the German newspapers of record and is known for its long and extensive articles. History The first edition of ''Die Zeit'' was first published in Hamburg on 21 February 1946. The founding publishers were Gerd Bucerius, Lovis H. Lorenz, Richard Tüngel and Ewald Schmidt di Simoni. Another important founder was Marion Gräfin Dönhoff, who joined as an editor in 1946. She became publisher of ''Die Zeit'' from 1972 until her death in 2002, together from 1983 onwards with former German chancellor Helmut Schmidt, later joined by Josef Joffe and former German federal secretary of culture Michael Naumann. The paper's publishing house, Zeitverlag Gerd Bucerius in Hamburg, is owned by the Georg von Holtzbrinck Publishing Group and Dieter von Holtzbrinck Media. The paper is published weekly on Thursdays. As of 2018, ''Die Zeit'' has ...
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Recognition Of Same-sex Unions In Germany
Same-sex marriage in Germany has been legal since 1 October 2017. A bill for the legalisation of same-sex marriage passed the Bundestag on 30 June 2017 and the Bundesrat on 7 July. It was signed into law on 20 July by President Frank-Walter Steinmeier and published in the '' Federal Law Gazette'' on 28 July 2017. Previously, the governing CDU/CSU had refused to legislate on the issue of same-sex marriage. In June 2017, Chancellor Angela Merkel unexpectedly said she hoped the matter would be put to a conscience vote in the Bundestag in the near future. Party leaders organised for a vote to be held in the last week of June during the final legislative session before summer recess. The Bundestag passed the legislation on 30 June by 393 votes to 226, and it went into force on 1 October. Germany was the first country in Central Europe to legalise same-sex marriage, the 15th in Europe overall, and the 23rd worldwide. Previously, from 2001 until 2017, Germany had recognized registered ...
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2021 German Federal Election
Federal elections in Germany, Federal elections were held in Germany on 26 September 2021 to elect the members of the List of members of the 20th Bundestag, 20th Bundestag. States of Germany, State elections in 2021 Berlin state election, Berlin and 2021 Mecklenburg-Vorpommern state election, Mecklenburg-Vorpommern were also held. Incumbent chancellor Angela Merkel, first elected in 2005 German federal election, 2005, chose not to run again, marking the first time that an incumbent Chancellor of the Federal Republic of Germany has not sought re-election. With 25.7% of total votes, the Social Democratic Party of Germany (SPD) recorded their best result since 2005, and emerged as the largest party for the first time since 2002 German federal election, 2002. The ruling CDU/CSU, which had led a Grand coalition (Germany), grand coalition with the SPD since 2013 German federal election, 2013, recorded their worst ever result with 24.1%, a significant decline from 32.9% in 2017 German ...
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Olaf Scholz
Olaf Scholz (; born ) is a German politician who has served as the chancellor of Germany since 8 December 2021. A member of the Social Democratic Party of Germany, Social Democratic Party (SPD), he previously served as Vice Chancellor of Germany, Vice Chancellor under Angela Merkel and as Federal Ministry of Finance (Germany), Federal Minister of Finance from 2018 to 2021. He was also List of mayors of Hamburg, First Mayor of Hamburg from 2011 to 2018 and deputy leader of the SPD from 2009 to 2019. Scholz began his career as a lawyer specialising in Labour law, labour and employment law. He became a member of the SPD in the 1970s and was a member of the Bundestag from 1998 to 2011. Scholz served in the Government of Hamburg, Hamburg Government under List of mayors of Hamburg, First Mayor Ortwin Runde in 2001, before his election as Social Democratic Party of Germany, General Secretary of the SPD in 2002, serving alongside SPD leader and then-Chancellor Gerhard Schröder. He beca ...
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