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Merkel Rival Kicks Off Campaign, Hits Out at Austerity, Social Issues
Keywords:
Tags: Germany,
Peer Steinbruck, the Social Democrat's candidate for chancellor in Germany's 2013 elections
09/29/2012
Former finance minister in a Merkel led coalition, Peer Steinbruck, will challenge Angela Merkel in 2013. His goal is not to make a good showing which leads to a coalition with the Christian Democrats, but to win the election outright. He is well known in Germany for his handling of the 2008-2009 financial crisis. Germans remember the image of Steinbruck and Merkel together the day Lehman Brothers collapsed, when Steinbruck assured depositors that their savings would be safe. He is trusted by Germans and may even win some of Merkel's right wing supporters who have lost faith in Merkel. Steinbruck is direct and speaks his mind, saying sometimes he thinks he too is "too-big-to-fail," in an allusion to banks, and would need a capital infusion. Merkel's personal popularity is high in Germany but the popularity of the Christian Democrats is declining and it has lost elections in key states recently. The SPD partner, the Greens are also more popular than the CDU partner, the Free Democrats.
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