Wolfgang Schaeuble: German politician with a controversial legacy in Greece

·

Germany’s ex-Finance Minister, Wolfgang Schaeuble has died at age 81 on Wednesday, December 27.

He was known as a controversial figure in German politics who was hated by the Greeks due to his tough stance during Greece’s debt crisis. He was a minister under chancellors Helmut Kohl and Angela Merkel.

For many Greeks, he became a symbol of the austerity programme imposed on Greece since 2010 to enforce repayment of its colossal debts.

Schaeuble was behind a proposal to offer Greece a five-year “time-out” from the eurozone if no credible bailout could be agreed. In the end, the overriding priority of keeping the eurozone intact trumped any talk of Grexit.

Taking all this into consideration, Schaeuble was once labelled a “bloodsucker” in Greece. According to BBC News, a “Wanted” poster also appeared in Greece once, showing Schaeuble with a Hitler moustache.

Following his death, Greece’s former Finance Minister Yanis Varoufakis posted on X and accused Schaeuble of having contributed to “the impoverishment of Greece.”

“History will judge him harshly, but not more harshly than those who succumbed to his destructive policies,” Mr Varoufakis wrote on X. 

Source: News.com.au and BBC.

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Pope Francis dies aged 88 after 12 years leading the Catholic Church

Pope Francis has died aged 88. His papacy was marked by reform, humility, and efforts to modernise the Catholic Church.

Thousands join Archbishop Makarios of Australia for Resurrection Service in Sydney

Archbishop Makarios led the Holy Saturday Service in Kogarah, Sydney, with thousands of faithful attending the Easter celebration.

Greek Defence Minister Dendias visits Panagia Inousson for Easter

Defence Minister Dendias visits Panagia Inousson for Easter, highlighting Greece’s commitment to border security.

Kyriakos Mitsotakis reflects on faith and resilience in Easter message

Kyriakos Mitsotakis shares his 2025 Easter message, reflecting on global challenges and the enduring hope of the Resurrection.

Archbishop Makarios of Australia issues Easter Message for 2025

Archbishop Makarios of Australia has released his 2025 Easter message, reflecting on the impact of loneliness.

You May Also Like

Students recognised for excellence in Modern and Classical Greek at the Dionysios Solomos Awards

Young students were recognised for excellence in Modern and Classical Greek at the Dionysios Solomos Awards on February 27 at Marrickville.

Sydney doctor John Balafas charged with assaulting woman

Dr John Balafas from the Sydney suburb of Bondi has been charged after allegedly attacking a woman at Dover Heights.

Archbishop Makarios to visit Newcastle Sunday 10 November

His Eminence, Archbishop Makarios will be visiting the Greek Orthodox Parish of Newcastle on Sunday November 10, 2019. Sunday 10 November, 2019 8.30am: Divine Liturgy at...