The Japan Times - Germany's next finance minister, 'bridge-builder' Lars Klingbeil

EUR -
AED 4.313468
AFN 77.598705
ALL 96.698386
AMD 447.792527
ANG 2.102883
AOA 1077.044807
ARS 1692.205144
AUD 1.764354
AWG 2.114155
AZN 2.001365
BAM 1.955767
BBD 2.361861
BDT 143.307608
BGN 1.957508
BHD 0.442093
BIF 3466.042156
BMD 1.17453
BND 1.514475
BOB 8.102865
BRL 6.365607
BSD 1.17268
BTN 106.04923
BWP 15.537741
BYN 3.457042
BYR 23020.795811
BZD 2.358461
CAD 1.618445
CDF 2630.948518
CHF 0.934916
CLF 0.027253
CLP 1069.11676
CNY 8.28573
CNH 8.284609
COP 4466.125466
CRC 586.590211
CUC 1.17453
CUP 31.125056
CVE 110.26316
CZK 24.276491
DJF 208.826515
DKK 7.472132
DOP 74.548756
DZD 152.289758
EGP 55.571073
ERN 17.617956
ETB 183.229742
FJD 2.668303
FKP 0.877971
GBP 0.878351
GEL 3.175767
GGP 0.877971
GHS 13.461775
GIP 0.877971
GMD 85.741137
GNF 10198.829794
GTQ 8.98185
GYD 245.335906
HKD 9.138141
HNL 30.873485
HRK 7.537789
HTG 153.707435
HUF 385.234681
IDR 19536.845016
ILS 3.785271
IMP 0.877971
INR 106.37734
IQD 1536.174363
IRR 49474.161194
ISK 148.465122
JEP 0.877971
JMD 187.756867
JOD 0.832789
JPY 182.950774
KES 151.217476
KGS 102.713135
KHR 4694.921647
KMF 492.719958
KPW 1057.073078
KRW 1731.880759
KWD 0.360233
KYD 0.977284
KZT 611.589793
LAK 25422.575728
LBP 105012.44747
LKR 362.353953
LRD 206.976546
LSL 19.78457
LTL 3.468083
LVL 0.710462
LYD 6.369894
MAD 10.78842
MDL 19.823669
MGA 5194.913303
MKD 61.548973
MMK 2466.304642
MNT 4164.85284
MOP 9.403343
MRU 46.930217
MUR 53.93488
MVR 18.092159
MWK 2033.466064
MXN 21.157878
MYR 4.812408
MZN 75.064681
NAD 19.78457
NGN 1706.088063
NIO 43.15928
NOK 11.906572
NPR 169.679168
NZD 2.023657
OMR 0.451612
PAB 1.17268
PEN 3.948134
PGK 5.054916
PHP 69.43241
PKR 328.640215
PLN 4.225315
PYG 7876.868545
QAR 4.273829
RON 5.092651
RSD 117.378041
RUB 93.579038
RWF 1706.771516
SAR 4.407079
SBD 9.603843
SCR 17.649713
SDG 706.484352
SEK 10.887784
SGD 1.517615
SHP 0.881202
SLE 28.335591
SLL 24629.319496
SOS 668.988835
SRD 45.275842
STD 24310.407882
STN 24.499591
SVC 10.260829
SYP 12986.570545
SZL 19.77767
THB 37.109332
TJS 10.77682
TMT 4.122602
TND 3.428143
TOP 2.827988
TRY 50.011936
TTD 7.957867
TWD 36.804032
TZS 2902.351563
UAH 49.548473
UGX 4167.930442
USD 1.17453
UYU 46.019232
UZS 14127.764225
VES 314.116117
VND 30897.196663
VUV 141.748205
WST 3.259888
XAF 655.946053
XAG 0.018958
XAU 0.000273
XCD 3.174228
XCG 2.113465
XDR 0.815786
XOF 655.946053
XPF 119.331742
YER 280.129715
ZAR 19.820741
ZMK 10572.187233
ZMW 27.059548
ZWL 378.198309
  • SCS

    0.0200

    16.14

    +0.12%

  • RIO

    -1.0800

    75.66

    -1.43%

  • CMSC

    -0.1300

    23.3

    -0.56%

  • CMSD

    -0.1500

    23.25

    -0.65%

  • RBGPF

    0.0000

    81.17

    0%

  • BCC

    0.2500

    76.51

    +0.33%

  • BCE

    0.3100

    23.71

    +1.31%

  • BTI

    -1.2700

    57.1

    -2.22%

  • BP

    -0.2700

    35.26

    -0.77%

  • NGG

    0.2400

    74.93

    +0.32%

  • JRI

    -0.0200

    13.7

    -0.15%

  • AZN

    -0.4600

    89.83

    -0.51%

  • GSK

    -0.0700

    48.81

    -0.14%

  • RELX

    0.1000

    40.38

    +0.25%

  • RYCEF

    -0.2500

    14.6

    -1.71%

  • VOD

    0.0500

    12.59

    +0.4%

Germany's next finance minister, 'bridge-builder' Lars Klingbeil
Germany's next finance minister, 'bridge-builder' Lars Klingbeil / Photo: John MACDOUGALL - AFP/File

Germany's next finance minister, 'bridge-builder' Lars Klingbeil

Germany's incoming finance minister Lars Klingbeil is a self-styled political "bridge-builder" whose calm and personable demeanour belies his sharp political instincts.

Text size:

Despite the bruising election loss of his centre-left Social Democrats (SPD), he will control the purse strings of Europe's top economy under conservative chancellor-in-waiting Friedrich Merz.

Klingbeil -- who studied political science, sociology and history, not finance -- will wield a spending "bazooka" worth hundreds of billions of euros to rebuild Germany's military and infrastructure, agreed by the outgoing parliament.

Having established a friendly rapport with campaign-trail foe Merz during weeks of post-election coalition talks, he will also serve as his vice chancellor, setting Klingbeil up for a potential future run at the top job himself.

Holding the powerful dual position at the tender age of 47 caps the career so far of a politician who favours dialogue and consensus over bluster and open power plays.

Klingbeil is "a politician who is ready to compromise, not an authoritarian leader who imposes his views on others", said political scientist Wolfgang Schroeder of Kassel University.

Der Spiegel magazine has described Klingbeil as "unflappable, unpretentious, unthreatening... almost boring."

He is someone who "weighs things up, thinks things through, and even slows things down when everyone else is convinced that a quick decision is necessary", it said.

It added that Klingbeil, who stands a towering 1.96 metres (6ft 5in) tall, "takes CrossFit and kickboxing classes several times a week, often before work, but then acts as if he couldn't hurt a fly".

Klingbeil himself states on his LinkedIn profile that he believes that "political compromises aren't inherently bad. I can say from my experience: building bridges is something I've always found enriching and something I can only encourage."

- 'Embrace your critics' -

When Philipp Tuermer, the head of the SPD's youth wing, laid into him over the coalition's plans to curb migration, Klingbeil defended the right of his young colleague to express a different opinion.

"That is the Klingbeil method: embrace your critics –- if in doubt, just about firmly enough that they no longer have room to move," Der Spiegel wrote.

Klingbeil was born in Soltau, near the northern city-state of Hamburg, and still lives in the same region with his wife, political scientist Lena-Sophie Mueller, and their young child, a boy born last summer.

As a youth, sporting an eyebrow piercing, Klingbeil was a member of a punk band, and he still plays the guitar and reportedly keeps several of them in his office.

After a stint performing civil service helping the homeless instead of military service, he went on to university.

He worked in the office of former SPD chancellor Gerhard Schroeder, from whom he has since distanced himself due to the former leader's closeness to Vladimir Putin.

Klingbeil first entered the Bundestag in 2005 and he has served as the SPD's co-chair since 2021, together with Saskia Esken.

The SPD suffered the worst defeat in its history in February's election, winning just 16.4 percent of the vote.

After outgoing Chancellor Olaf Scholz said he would take a back seat in coalition negotiations, Klingbeil became the main the torch carrier for the SPD, forging a congenial relationship with Merz.

Klingbeil is a Bayern Munich fan and a former member of the advisory board at Germany's biggest football club.

In recent weeks, Klingbeil, a former smoker, for the first time spoke publicly about being diagnosed with oral cancer in 2014, saying the ordeal had taught him to "approach things a bit more calmly".

"You look at life differently when you've had a brush with death," he told Die Zeit weekly.

K.Yamaguchi--JT