Peer Steinbruck Quotes
When I look at the chaotic and volatile debate right now, both in Germany and around the world, my impression and concern is that the daily barrage of proposals and political statements is making markets and consumers even more nervous. Still, Brussels is pressing for a joint European approach.
Steinbrück, Peer. "SPIEGEL Interview With Finance Minister Peer Steinbrück: 'We Need New Rules for the Game'." Spiegel International, SPIEGEL-Verlag, 6 Oct. 2008.
The Stock Market went up slightly as a result of his efforts.
There was. President Hoover and his aids were not the only ones to underplay the stock market crash of 1929.
He was one of the very few people who warned about the market crash of 1929 and the Great Depression.
This was a surprising answer because most people would then have named terrorism, labor strikes, banking excess risk in investment, sufficient labor supply, weather (global warming) or bubbles. But most of the large companies and investors told him that they most worry about political bickering, gridlock, irrational law making, regulation, taxation and other factors which, to a great extent, are under the control of the politicians.
Peer Steinbrück is a German politician who was the Chancellor-candidate of the Social Democratic Party (SPD) in the 2013 federal election. Steinbrück served as the 8th Minister-President of North Rhine-Westphalia from 2002 to 2005, a member of the Bundestag from 2009 to 2016, and as Federal Minister of Finance in the first Cabinet of Chancellor Angela Merkel from 2005 to 2009.