End titles for V. Seibel at the Ministry of Finance

End of an era for Wolfgang Schieble at the German Ministry of Finance, after saying goodbye to his colleagues at the ministry on Monday afternoon.

From tomorrow Tuesday, the 75-year-old takes on new duties. Exactly one month after the September 24 federal elections, the new German Parliament convenes in a body - as defined by the German Constitution - and its longest-serving member of parliament with a term of 25 years is expected to be elected by a large majority. 

On this occasion, many German analysts today proceed to an account of his actions as Minister of Finance. In these analyzes, of course, the way in which he managed the European crisis and the Greek crisis in particular has a dominant position. In an extensive analysis, the financial newspaper Handelsblatt notes that although Seibel was hated in many countries, accused of exacerbating the crisis as a fanatic of austerity, he eventually brought about reforms with pressure, which in turn now bear fruit. . 

Schieble and Lindner on Grexit 

And Seibel himself, in an interview-river that he gave yesterday to the Sunday Frankfurter Allgemeine, estimated that although Greece has not yet completely overcome the problem, it is on a good path. It is noteworthy that he did not want to repeat the country's exit from the euro, stressing that Greece will soon have the opportunity to be financed by the markets and for this reason does not help today a debate on whether it would be better Grexit. 

This is undoubtedly an obvious allusion to the Liberals - with whom Angela Merkel is currently negotiating the formation of a government - and their leader Christian Lindner in particular, who is now returning to Grexit today. However, as before, not in the form of a topical claim. The president of the FDP connects the exit of Greece from the common currency only with the case of a cut in the Greek debt, which he rejects outright. "There can be no haircut within the eurozone, in which case Greece would have to leave the eurozone," he told the Süddeutsche Zeitung today. 

The name of Kr. Lindner is one of those heard about the Treasury Department. With the exploratory contacts for the formation of the government having just begun, however, it is still too early to predict who will take over the Ministry of Finance. What is certain, however, is that in the future, in discussions / decisions about Greece in the German Parliament, the new president of V. Schieble will continue to play his role, but this time not as a powerful Minister of Finance. 

Deutsche Welle

Source: TheToc