Home » Germany: Finance Minister Olaf Scholz to run against Merkel’s candidate for 2021 vote

Germany: Finance Minister Olaf Scholz to run against Merkel’s candidate for 2021 vote

Germany’s centre-left Social Democratic Party named Finance Minister Olaf Scholz on Monday as its candidate to become chancellor in the country’s national election next year.

Scholz, 62, who is considered to be on the right of the Social Democrats, has won widespread praise for his handling of the financial turmoil caused by the coronavirus pandemic.

After serving as the mayor of Hamburg during 2011-2018, Scholz joined Chancellor Angela Merkel’s Cabinet two years ago in a government that pairs the Social Democrats in a “grand coalition” with her center-right Union bloc.

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Merkel herself has said she won’t run for a fifth term in the 2021 election. It’s not clear yet who her bloc, made up of the Christian Democratic Union and the Bavaria-only Christian Social Union, will field as a candidate for chancellor.

As finance minister, Scholz largely continued his conservative predecessor’s frugal policies until the coronavirus pandemic forced the German government to loosen the purse strings in a bid to keep the economy afloat.

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Norbert Walter-Borjans, the co-leader of the Social Democrats, said Scholz’s role in tackling the economic impact of the crisis had earned him respect among voters.

Speaking to reporters in Berlin after his nomination, Scholz declared that he intends to lead the party to victory next year, despite its current slump in opinion polls. The Social Democrats came in second with 20.5% of the vote in the 2017 election, but have since seen their support decline to around 15% in recent opinion polls.

Along with a drop in its traditional working class support, the party has been overtaken on the left by the environmentalist Green Party, which has benefited from German voters’ growing concern about climate change.

On Monday, Scholz named tackling climate change as one of the top priorities for the coming decade.

The Social Democrats are the first party to name a candidate for chancellor in next years’ election.

Source: Olaf Scholz