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

Capturing legacies: The proika exhibition’s emotional tribute to Greek migrants

On Wednesday, November 20, the proika exhibition opened to a crowd of eager guests at the Thematikos x MBO Tailors creative space.

Golden Era Gala: A reunion with a cause to combat brain and rare cancers

White Pearl Foundation and Cquence Foundation have announced the Golden Era Gala to be held at the Hyatt Regency Sydney on November 30.

Melbourne scientist Steven Petratos offers hope to thousands with multiple sclerosis

The image of Steven Petratos’ grandfather, confined to a chair with trembling hands, left an indelible mark on his childhood.

Former Victorian Premier Jeff Kennett to launch book on Nick Thyssen’s legacy

Former Victorian Premier Jeff Kennett, supporter of Greece and its diaspora, will launch the biography of Nick Thyssen (Nikos Theodosiadis).

Ithacans in Melbourne enjoy sell-out film screening to support archaeological preservation

On Sunday, at Palace Como in Melbourne, a sell-out crowd of 135 Ithacans and friends gathered to see the historical epic, The Return.

You May Also Like

Officials send Christmas message of solidarity to Greek diaspora

Greece's Deputy Foreign Minister, the Secretary General Of Public Diplomacy & Hellenes Abroad and the Ambassador of Greece to Australia, have sent messages of solidarity to the community.

Bill Kollatos’ company that delivers fresh food nationally has collapsed

A national fresh food distribution company has gone bust, with its boss blaming “snap lockdowns” for sending the business to the wall.

Maria Sakkari storms into Qatar Open semi-final

Maria Sakkari is set to compete against Jessica Pegula in the Qatar TotalEnergies Open 2023 semi-finals in Doha tonight.