The fact that he really had the idea with the European-Turkish refugee agreement, says Schäuble, then, that he had put African politics on his own agenda to the agenda of the World Economic Summit, or that he himself would loose more money for armaments because Europe now has to look after itself , And that people should not worry so much about such small things as low interest rates or the target billing rates in the European monetary union.
The hard dog at Merkel’s side
Today Wolfgang Schäuble is 75 years old. When he applied for a mandate in the Bundestag for the first time in the “Willy-Wahl” in 1972, Ludwig Erhard, the father of the German economic miracle, was still in the Union. For the 13th time Schäuble is now running for the German parliament. He just goes on. Because he can not exist without politics, what he likes to wear into the formula, he does not want to get on his nerves to his wife. Because he still has the role of his life in the Ministry of Finance. And because he probably wants to push through his idea of Europe in the next four years.
If a coalition partner does not dispute the office, it will probably happen. Almost eighty years old, he would then be at the end of the term of office, and it would also be a victory over all probability. He often shows enough that the remaining life expectancy of cross-paralysis was once eight years. His assassination is now 27 years.
His hatred for the Greeks came from his idea of Europe. If no one agreed, he was convinced that the continent would not be able to coalesce. This also depended on Schäuble’s image of man: Man, he believes, is carved from curved wood. That’s why he needs rules. Schäuble, the finance minister, does not argue much differently than before, Schäuble, the Minister of the Interior. And as the lawyer, who he is from home. Joachim Gauck, the then Federal President, named him a “friend of the state” on his 70th birthday five years ago.
Tax rate rose from 21.4 to 23.3 percent
In the controversy with Athens, Schäuble was dependent on the theory of the “infected leg”: Only if Europe repelled the crises, it could recover permanently. His boss ended up with the “dominion”: if Greece were to leave the euro, other states could follow. In 2015 the drama was repeated as a farce. Schäuble wanted to take the great risk of Grexit to weld the rest of Europe closer together. The proof that it had worked, he did not have to compete. In the refugee question, too, he criticized the Chancellor.
At home, the minister was less rigorous. Faster than other countries, Germany recovered from the financial crisis. This was due to the economic structure, to the Hartz reforms, but also to the debt problems around. The Federal Republic was regarded as the safe haven in an uncertain Europe, the minister paying almost no interest on his bonds. At first he managed to keep spending halfway stable despite rising revenues.
Since he has reached the “black zero”, that is, no more new debts, the expenses rise again with bubbling revenues. For refugees, he makes money, for armaments or for Africa, as well as reserves. He contributed the expensive pension plans of the coalition. In relation to the social product, the debt ratio falls nevertheless because the economy is growing. In the next election period, the liabilities could even fall below the Maastricht limit of 60 per cent of GDP. Credit, Schäuble does not think. Since 2010 the tax rate has risen from 21.4 to 23.3 percent, the minister does not want them to lower them. The state capable of action is more important to him.