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Theodor Waigel
Theodor Waigel (born 22 April 1939) is a German politician of the Christian Social Union in Bavaria (CSU). He represented Neu-Ulm in the Bundestag from 1976 to 2002. Waigel is a lawyer, and earned a doctorate in 1967. He was a member of the Bundestag from 1972 to 2002. He served as Federal Minister of Finance of Germany in the Cabinet of Chancellor Helmut Kohl from 1989 to 1998, and as Chairman of the Christian Social Union in Bavaria from 1988 to 1999. He is known as the father of the Euro, the European currency. He played a vital role in its introduction as German Minister of Finance. He also managed to impose an austerity program on West Germans and overcome the massive deficits of German unification to meet the strict fiscal benchmarks mandated by Europe's single currency. In 2009, he was appointed Honorary Chairman of the CSU. Early life Waigel was born as the son of a small-time farmer from the Swabian village of Oberrohr. When he was 6, his older brother, August, was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Ministry Of Finance (Germany)
The Federal Ministry of Finance (german: Bundesministerium der Finanzen), 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 Christian Lindner ( FDP). History In German politics, the Ministry of Finance beside the Interior, Foreign, Justice and Defence ministries is counted as one of the "classical portfolios" (denoted by the definite article ''der''), which were also part of the first German government under Otto von Bismarck following the Unification of 1871. Fiscal policy in the German Empire was predominantly the domain of the various states responsible for all direct taxation according to the 1833 '' Zollverein'' treaties. The federal government merely received indirect contributions from the states. Matters of fiscal policy at the federal level initially was the exclusive responsibility of the German Chancellery under Otto vo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deutsches Reich
German ''Reich'' (lit. German Realm, German Empire, from german: Deutsches Reich, ) was the constitutional name for the German nation state that existed from 1871 to 1945. The ''Reich'' became understood as deriving its authority and sovereignty entirely from a continuing unitary German Volk ("national people"), with that authority and sovereignty being exercised at any one time over a unitary German "state territory" with variable boundaries and extent. Although commonly translated as "German Empire", the word ''Reich'' here better translates as "realm" or territorial "reach", in that the term does not in itself have monarchical connotations. The Federal Republic of Germany asserted, following its establishment in 1949, that within its boundaries it was the sole legal continuation of the German Reich, and consequently ''not'' a successor state. Nevertheless, the Federal Republic did not maintain the specific title ''German Reich'', and so consistently replaced the prefix ''Reich ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jürgen Stark
Jürgen Stark (born 31 May 1948 in Gau-Odernheim, Germany) is a German economist who served as a member of the Executive Board of the European Central Bank from 2006 to 2011 and concurrently as ECB chief economist. Within the Executive Board, he was responsible for Economics and for Monetary Analysis and resigned before expiration of his term in opposition to ECB's bond-buying programme. Early life and education Stark grew up in Rhineland-Palatinate. His father owned a vineyard in Gau-Odernheim in the Rheinhessen wine region. Stark, the second son, considered continuing in the family business. He studied economics at the University of Hohenheim and University of Tübingen, both near Stuttgart, from 1968 to 1973. During that time, he told an interviewer he participated in protests including against the Vietnam War: “We all, more or less at one point or time or another, had revolutionary ideas about what was just. But this was an episode that came to an end with the end of my stu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Horst Köhler
Horst Köhler (; born 22 February 1943) is a German politician who served as President of Germany from 2004 to 2010. As the candidate of the two Christian Democratic sister parties, the CDU (of which he is a member) and the CSU, as well as the liberal FDP, Köhler was elected to his first five-year term by the Federal Convention on 23 May 2004 and was subsequently inaugurated on 1 July 2004. He was reelected to a second term on 23 May 2009. Just a year later, on 31 May 2010, he resigned from his office in a controversy over a comment on the role of the German Bundeswehr in light of a visit to the troops in Afghanistan. During his tenure as president, whose office is mostly concerned with ceremonial matters, Köhler was a highly popular politician, with approval rates above those of both Chancellor Gerhard Schröder and later Chancellor Angela Merkel. Köhler is an economist by profession. Prior to his election as president, Köhler had a distinguished career in politics and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chancellor Of Germany
The chancellor of Germany, officially the federal chancellor of the Federal Republic of Germany,; often shortened to ''Bundeskanzler''/''Bundeskanzlerin'', / is the head of the federal government of Germany and the commander in chief of the German Armed Forces during wartime. The chancellor is the chief executive of the Federal Cabinet and heads the executive branch. The chancellor is elected by the Bundestag on the proposal of the federal president and without debate (Article 63 of the German Constitution). The current officeholder is Olaf Scholz of the SPD, who was elected in December 2021, succeeding Angela Merkel. He was elected after the SPD entered into a coalition agreement with Alliance 90/The Greens and the FDP. History of the office The office of Chancellor has a long history, stemming back to the Holy Roman Empire, when the office of German archchancellor was usually held by archbishops of Mainz. The title was, at times, used in several states of German-speaki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1972 West German Federal Election
Federal elections were held in West Germany on 19 November 1972 to elect the members of the 7th Bundestag. In the first snap elections since the resumption of democratic elections in 1949, the Social Democratic Party became the largest party in parliament for the first time since 1930, winning 230 of the 496 seats. The coalition with the Free Democratic Party was resumed. Campaign The Social-liberal coalition of SPD and FDP had lost its majority after several Bundestag MPs (like former FDP ministers Erich Mende and Heinz Starke or SPD partisan Herbert Hupka) had left their party and become members of the CDU/CSU opposition to protest against Chancellor Willy Brandt's ''Neue Ostpolitik'', especially against the ''de facto'' recognition of the Oder-Neisse line by the 1970 Treaty of Warsaw. On 27 April 1972 the opposition had tried to have CDU leader Rainer Barzel elected new chancellor in a motion of no confidence, but Barzel surprisingly missed the majority in the Bun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Herald Tribune
The ''International Herald Tribune'' (''IHT'') was a daily English-language newspaper published in Paris, France for international English-speaking readers. It had the aim of becoming "the world's first global newspaper" and could fairly be said to have met that goal. It published under the name ''International Herald Tribune'' from 1967 to 2013. Early years In 1887, James Gordon Bennett Jr. created a Paris edition of his newspaper the '' New York Herald''. He called it the ''Paris Herald''. When Bennett Jr. died, the paper came under the control of Frank Munsey, who bought it along with its parent. In 1924, Munsey sold the paper to the family of Ogden Reid, owners of the '' New-York Tribune'', creating the '' New York Herald Tribune'', while the Paris edition became the ''Paris Herald Tribune''. By 1967, the paper was owned jointly by Whitney Communications, ''The Washington Post'' and ''The New York Times'', and became known as the ''International Herald Tribune'', or ''IHT ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austerity
Austerity is a set of political-economic policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both. There are three primary types of austerity measures: higher taxes to fund spending, raising taxes while cutting spending, and lower taxes and lower government spending. Austerity measures are often used by governments that find it difficult to borrow or meet their existing obligations to pay back loans. The measures are meant to reduce the budget deficit by bringing government revenues closer to expenditures. Proponents of these measures state that this reduces the amount of borrowing required and may also demonstrate a government's fiscal discipline to creditors and credit rating agencies and make borrowing easier and cheaper as a result. In most macroeconomic models, austerity policies which reduce government spending lead to increased unemployment in the short term. These reductions in employment usually occur di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in ci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Member Of The German Bundestag
Member of the German Parliament (german: Mitglied des Deutschen Bundestages) is the official name given to a deputy in the German Bundestag. ''Member of Parliament'' refers to the elected members of the federal Bundestag Parliament at the Reichstag building in Berlin. In German a member is called ' (Member of the Federal Diet) or officially ' (Member of the German Federal Diet), abbreviated ''MdB'' and attached. Unofficially the term ''Abgeordneter'' (literally: "delegate", i.e. of a certain electorate) is also common (abbreviated ''Abg.'', never follows the name but precedes it). From 1871 to 1918, legislators were known as Member of the Reichstag and sat in the Reichstag of the German Empire The Reichstag () of the German Empire was Germany's lower house of parliament from 1871 to 1918. Within the governmental structure of the Reich, it represented the national and democratic element alongside the federalism of the Bundesrat and the .... In accordance with article 38 of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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