Wolfgang Schäuble, former President of the Bundestag and former German Minister of Finance, passed away on 26 December. The economist was an honorary doctor of the Corvinus University of Budapest. Schäuble was awarded an honorary doctorate by the university in 2011 for his work in the field of economics, for his contribution to improving the competitiveness of the European and German economies and for his support for Hungary’s European integration efforts.
The politician has played a key role in shaping Germany’s economic policy, particularly during the 2008 financial crisis and the subsequent eurozone sovereign debt challenges, with his tough fiscal stance. He has also been mentioned as a possible candidate for the post of Chancellor, having held important positions in CDU-CSU governments, including the Ministry of Interior before becoming Minister of Finance, and President of the Bundestag from 2017 to 2021. A major turning point in his life came in 1990 when he survived an assassination attempt in which he was shot, forcing him into a wheelchair for the rest of his life. He is survived by his wife and four children.
László Kövér, President of the Hungarian Parliament, sent a telegraph to express his condolences on the death of Wolfgang Schäuble.