Germany's Social Democrats proposed Olaf Scholz, the finance minister and their most high-profile and popular politician, to run to succeed Chancellor Angela Merkel in next year's elections, when her fourth and final term is expected to end.
FILE PHOTO: Finance Minister Olaf Scholz attends the German parliament's financial committee to report about the Wirecard case in Berlin, Germany, July 29, 2020. REUTERS/Axel Schmidt
The decision marks a comeback for the former Hamburg mayor, who was last year defeated in the race to lead his party by two left-wing outsiders. Now, Saskia Esken and Norbert Walter-Borjans have nominated their erstwhile rival. But Scholz, who has been turned by the coronavirus crisis from an austere-minded custodian of the public purse to the free-spending paymaster in charge of massive stimulus and healthcare spending to sustain Europe’s largest economy through the pandemic, faces a stiff challenge.
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