BREAKING NEWS

BREAKING NEWS

Former Finance Minister Wolfgang Schaeuble is elected president of Germany's Bundestag

Germany's new parliament has elected 75 year old Wolfgang Schaeuble as its speaker whilst lawmakers of the nationalist Alternative for Germany party took their seats for the first time.

Now Reading:

Former Finance Minister Wolfgang Schaeuble is elected president of Germany's Bundestag

Text size Aa Aa

Former German Finance Minister Wolfgang Schaeuble has been elected president of Germany’s Bundestag or lower house of parliament, on Tuesday at its first session after Sept. 24 elections.

Schaeuble, a member of Chancellor Angela Merkel’s conservatives, agreed last month to step aside as finance minister, clearing the way for another party to take the job as part of tricky negotiations to forge a new coalition government.

Schaeuble, 75, is known for his hardline insistence on a balanced budget and his leadership during the euro zone crisis, but he faces new challenges in leading the Bundestag, which will include a far-right party – the Alternative for Germany (AfD) – for the first time in decades.