Theodor Waigel
Encyclopedia
Theodor "Theo" Waigel is a German
politician of the Christian Social Union in Bavaria.
Waigel is a lawyer, and earned a doctorate in 1967. He was a member of the Bundestag
from 1972 to 2002. He served as Federal Minister of Finance of Germany in the Cabinet of Chancellor Helmut Kohl
from 1989 to 1998, and as Chairman of the Christian Social Union in Bavaria from 1988 to 1999. He is known as the father of the Euro
, the European currency. He proposed the name of the currency in 1995, and played a vital role in its introduction as German Minister of Finance. In 2009, he was appointed Honorary Chairman of the CSU.
In 2011, a commentator seeing Germany forced perhaps to choose between monetary stability, on the one hand, and the EMU, recalled by way of contrast Waigel's statement at the founding, “We are bringing the d-mark into Europe.”
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
politician of the Christian Social Union in Bavaria.
Waigel is a lawyer, and earned a doctorate in 1967. He was a member of the Bundestag
Bundestag
The Bundestag is a federal legislative body in Germany. In practice Germany is governed by a bicameral legislature, of which the Bundestag serves as the lower house and the Bundesrat the upper house. The Bundestag is established by the German Basic Law of 1949, as the successor to the earlier...
from 1972 to 2002. He served as Federal Minister of Finance of Germany in the Cabinet of Chancellor Helmut Kohl
Helmut Kohl
Helmut Josef Michael Kohl is a German conservative politician and statesman. He was Chancellor of Germany from 1982 to 1998 and the chairman of the Christian Democratic Union from 1973 to 1998...
from 1989 to 1998, and as Chairman of the Christian Social Union in Bavaria from 1988 to 1999. He is known as the father of the Euro
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
, the European currency. He proposed the name of the currency in 1995, and played a vital role in its introduction as German Minister of Finance. In 2009, he was appointed Honorary Chairman of the CSU.
In 2011, a commentator seeing Germany forced perhaps to choose between monetary stability, on the one hand, and the EMU, recalled by way of contrast Waigel's statement at the founding, “We are bringing the d-mark into Europe.”