Thursday, 28 September 2017

Wolfgang Schäuble loses job in Angela Merkel coalition bid

After eight years as finance minister, Wolfgang Schäuble is to leave the post in the aftermath of the German election, as Chancellor Angela Merkel tries to build a new coalition.

The job is seen as second only to the chancellor, and Mr Schäuble became widely known in Europe for championing austerity during the eurozone crisis.

Mrs Merkel's Christian Democrat CDU suffered heavy losses on Sunday.

She now faces a tough task in pulling together a workable German government.

Choosing Mr Schäuble's successor will now become an important part of coalition talks. The finance ministry is known to be coveted by the pro-business FDP, and could be filled by its leader, Christian Lindner, or by the Greens.

BBC    News.