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Helmut Schmidt dies aged 96 #germany #eu

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German chancellor from 1974 to 1982 and left wing reformer, Helmut Schmidt (SPD) died today in Hamburg aged 96. He supported the idea that the socialist party should open to economy and should make modern reforms if it wanted to be the leading state party, facing contestations from his party.

A centrist, Schmidt steered the country through a wave of homegrown terrorism, preached free-market economics to his party and embodied pragmatic politics in a Europe divided by the iron curtain.

Since 1974 he played a leading role in the economic and monetary European union with French president Valéry Giscard d’Estaing and continued to play an active part in international economic debate in later life, including criticising the German chancellor, Angela Merkel, during the eurozone debt crisis for lacking financial savvy.

Valentina CALCAGNO

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