AVN 49.16 Decreased By ▼ -1.69 (-3.32%)
BAFL 28.59 Decreased By ▼ -0.27 (-0.94%)
BOP 3.64 Decreased By ▼ -0.06 (-1.62%)
CNERGY 3.26 Decreased By ▼ -0.05 (-1.51%)
DFML 10.78 Decreased By ▼ -0.22 (-2%)
DGKC 52.03 Decreased By ▼ -1.09 (-2.05%)
EPCL 43.62 Decreased By ▼ -0.39 (-0.89%)
FCCL 12.47 Decreased By ▼ -0.13 (-1.03%)
FFL 6.19 Decreased By ▼ -0.08 (-1.28%)
FLYNG 5.95 Decreased By ▼ -0.13 (-2.14%)
GGL 10.32 Decreased By ▼ -0.38 (-3.55%)
HUBC 68.66 Decreased By ▼ -0.04 (-0.06%)
HUMNL 5.81 Decreased By ▼ -0.19 (-3.17%)
KAPCO 22.61 Decreased By ▼ -0.29 (-1.27%)
KEL 1.83 Decreased By ▼ -0.03 (-1.61%)
LOTCHEM 28.98 Decreased By ▼ -0.54 (-1.83%)
MLCF 28.57 Decreased By ▼ -0.38 (-1.31%)
NETSOL 76.79 Decreased By ▼ -3.54 (-4.41%)
OGDC 78.62 Decreased By ▼ -0.28 (-0.35%)
PAEL 9.72 Decreased By ▼ -0.18 (-1.82%)
PIBTL 4.19 Decreased By ▼ -0.14 (-3.23%)
PPL 60.54 Decreased By ▼ -0.74 (-1.21%)
PRL 14.47 Decreased By ▼ -0.27 (-1.83%)
SILK 1.05 Decreased By ▼ -0.02 (-1.87%)
SNGP 42.44 Decreased By ▼ -0.26 (-0.61%)
TELE 7.07 Decreased By ▼ -0.25 (-3.42%)
TPLP 12.83 Decreased By ▼ -0.14 (-1.08%)
TRG 96.42 Decreased By ▼ -4.01 (-3.99%)
UNITY 15.16 Increased By ▲ 0.66 (4.55%)
WTL 1.18 Decreased By ▼ -0.03 (-2.48%)
BR100 4,160 Decreased By -51.8 (-1.23%)
BR30 14,407 Decreased By -198.1 (-1.36%)
KSE100 41,686 Decreased By -456.3 (-1.08%)
KSE30 14,742 Decreased By -200.9 (-1.34%)
Follow us

BERLIN: Often described as austere and even robotic, Social Democrat Olaf Scholz nonetheless managed to inspire German voters in this year's election with a campaign that played on his reputation as a safe pair of hands.

Scholz, 63, is on the brink of becoming the next German chancellor, replacing Angela Merkel who is leaving the political stage after 16 years.

The Social Democrats (SPD) had begun the election campaign at rock bottom in the polls, with many completely writing off Scholz's chances of heading the next government -- so much so that he doesn't even have an official biography.

But Scholz managed to stage a stunning upset, beating Merkel's conservatives by positioning himself as the best candidate to continue her legacy, even adopting her famous "rhombus" hand gesture on a magazine cover.

Unlike his rivals, he also managed not to make embarrassing mistakes during a campaign that drew on his reputation as a quiet workhorse, using the slogan "Scholz will sort it".

After a shorter than expected bout of post-election coalition haggling, Scholz has managed to cobble together an alliance with the Greens and the liberal FDP.

Once described by Der Spiegel magazine as "the embodiment of boredom in politics", Scholz has been slowly working his way up the ranks since the 1970s.

Born in the northern city of Osnabrueck, he joined the SPD's youth movement in 1975 and was pictured at various peace demonstrations sporting wool sweaters and an unruly crop of long hair.

'Scholzomat'

He became vice-president of the movement in the 1980s but failed to become its leader because he was considered too left-wing, though he later aligned to a more centrist course.

After training as a lawyer and founding his own law firm specialised in labour issues in 1985 -- now minus the hair -- Scholz was elected to the national parliament in 1998.

During his 2002-2004 stint as the SPD's general secretary, he earned the nickname "Scholzomat" for his dry yet tireless defence of the unpopular labour reforms of then-chancellor Gerhard Schroeder.

Though not thrilled with the moniker, Scholz admitted in a recent interview with Bunte magazine that "it was certainly not an entirely false description".

"I was always asked the same questions and I always gave the same answers," he said, adding that he "laughs more often than people think".

As labour minister in Merkel's first coalition government from 2007 to 2009, Scholz helped avert mass lay-offs during the financial crisis by convincing firms to cut workers' hours with the state topping up their salaries -- a policy also used during the coronavirus pandemic.

He was the mayor of Hamburg from 2011 to 2018, overseeing the development of the beloved but wildly expensive Elbphilharmonie concert hall, which he rescued with a controversial multi-million-euro bailout.

For Scholz, whose motto is "I can only distribute what I have", the spending was justified by the city-state's healthy finances.

'Bazooka'

However, he is generally seen as fiscally conservative and has insisted on a return to the no new debt policy by 2023 -- a rule included in the coalition deal.

This cautious approach has at times left him marginalised within his own workers' party, overlooked in a leadership vote in 2019 in favour of two relatively unknown left-wingers.

But the SPD succeeded in uniting behind him as its chancellor candidate in this year's election campaign.

Scholz lives in Potsdam on the outskirts of Berlin with his wife Britta Ernst, also an SPD politician. They have no children.

He saw his fair share of scandals as finance minister, including the Wirecard fraud debacle and allegations that the FIU anti-money laundering authority under his auspices had failed to report potential wrongdoing to the relevant authorities.

But his calm demeanour has helped him weather the turbulent times and found favour with fellow politicians -- including FDP leader Christian Lindner, who has described him as a "strong leader".

"He has the experience and professionalism to lead this country into a good future," Lindner said.

Merkel, too, has said she will be able to "sleep soundly" with Scholz as her replacement.

Comments

Comments are closed.

Olaf Scholz: Germany's staid but steady next chancellor

Jahangir Tareen launches Istehkam-e-Pakistan party

KSE-100 plunges over 450 points amid uncertainty on upcoming budget

Inter-bank: rupee ends losing streak with marginal gain against US dollar

Open-market: US dollar strengthens as demand surges

TAPI Pipeline: Pakistan and Turkmenistan sign implementation plan

APTMA urges Dar to reinstate competitive energy tariffs

Oil rises as Saudi cut supports and focus turns to Fed

At US request, Pakistan grants detained designer Khadija Shah consular access

Punjab polls: Hearing for petition against SC Act and ECP plea indefinitely adjourned

Toshakhana case: IHC extends stay in criminal proceedings against Imran