Former German Finance Minister Peer Steinbrueck to stand against Angela Merkel
Saturday 29 September 2012
The main opposition party has embarked on an uphill struggle to oust Angela Merkel, the Chancellor, choosing a respected former Finance Minister who helped steer Germany through the financial crisis as her challenger in next year's election.
Peer Steinbrueck, 65, emerged as the centre-left Social Democrats' candidate ahead of two other potential challengers.
The party leader, Sigmar Gabriel, declared that Mr Steinbrueck was "the right candidate" for a campaign in which the party plans to make a major issue of "taming financial markets".
Earlier this week Mr Steinbrueck called for big European banks to build up a €200bn rescue fund rather than relying on taxpayer-funded aid.
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