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Die Presse - Austria | Saturday, September 29, 2012

Steinbrück's realism just right for Europe

The executive board of the German Social Democratic Party (SPD) will officially nominate the former finance minister Peer Steinbrück today, Monday, as chancellor candidate for the parliamentary elections in 2013. The liberal-conservative daily Die Presse is delighted, as Steinbrück belongs to the pragmatic Left: "As opposed to François Hollande, who is as charming as he is out of touch with reality and whose soufflé policy continues to burden the economy and the budget while France needs just the opposite, Peer Steinbrück is firmly convinced that the debt burden is the most pressing and the most serious problem for countries in general and for the euro in particular. Like Tony Blair and Gerhard Schröder, who publicly supports him, the former finance minister is clearly in the tradition of pragmatic Left. As a result the left wing of the party, which has otherwise set the programme in many countries during the crisis, is now more or less out of the picture. And with Steinbrück, the massive campaign against Merkel's (relatively) strict euro discipline will not constitute an inordinate danger on the topcis of Greece, euro bonds and towering rescue packages. ... In this way Steinbrück strengthens the German position - and the euro as well."

» To the complete press review of Monday, October 1, 2012

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