Carsten Schneider

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Carsten Schneider
Member of the Bundestag
Assumed office
1998
Personal details
Born (1976-01-23) 23 January 1976 (age 42)
Erfurt
Political party SPD

Carsten Schneider (born 23 January 1976) is a German social democratic politician, who has been a member of the German Parliament since 1998.[1][2] Since 2017, he has been serving as First Secretary of his party's parliamentary group, in this position assisting the group's chairwoman Andrea Nahles.

Early life[edit]

After graduating from Wilhelm-Häßler-Gymnasium in Erfurt, Thuringia in 1994, Schneider completed an apprenticeship at a credit union. He accepted a position at an Erfurt savings bank after completing his alternative civilian service in 1998.[3]

Schneider has been married since 2003 and has two daughters.

Political career[edit]

Schneider joined the SPD in 1995.[4] He became active in Young Socialists in the SPD and eventually was elected chairman of the Thuringian chapter. Until 2017, he also belonged to the leadership of the SPD in Thuringia.[5]

In the 1998 federal elections, at age 22, Schneider became the then-youngest representative in the German Parliament,[6][7] representing Erfurt from 1998 to 2005 and the successor constituency of Erfurt – Weimar – Weimarer Land II since 2005. He was a member of the Budget Committee, where he served as his parliamentary group's rapporteur on the budgets of the Federal Ministry of Education and Research and the Office of the Federal President. He is also a member of the Thuringian SPD parliamentary caucus, of which he became speaker in 2005.

In 2012, Schneider was selected as one of three speakers of the Seeheim Circle.[8]

In the negotiations to form a Grand Coalition of the Christian Democrats (CDU together with the Bavarian CSU) and the Social Democrats (SPD) following the 2013 federal elections, Schneider was part of the SPD delegation in the working group on financial policies and the national budget, led by Wolfgang Schäuble and Olaf Scholz. He had previously publicly expressed his doubts about the Social Democrats joining a coalition government with the CDU/CSU, having preferred a coalition with the center-left Alliance '90/The Greens.[9]

Following the formation of the third cabinet of Federal Chancellor Angela Merkel, Schneider served as deputy chairman of the SPD parliamentary group under the leadership of Thomas Oppermann. He was also the chairman of the so-called Confidential Committee (Vertrauensgremium) of the Budget Committee, which provides budgetary supervision for Germany’s three intelligence services, BND, BfV and MAD.

In addition, Schneider has been a delegate to the Conference established under Article 13 of the European Fiscal Compact since 2014; this body assembles members of the relevant committees of the European Parliament and national parliaments to discuss economic and fiscal policy and other matters concerning stability, coordination and governance in the Economic and Monetary Union of the European Union.

Following the 2017 election, Schneider succeeded Christine Lambrecht as First Secretary of the SPD parliamentary group, in this position assisting the group's chairwoman Andrea Nahles.[10] In this capacity, he is also a member of the parliament’s Council of Elders, which – among other duties – determines daily legislative agenda items and assigns committee chairpersons based on party representation.

Other activities[edit]

In addition to his political work, Schneider holds a number of paid and unpaid positions.

Corporate boards[edit]

  • KfW, Member of the Board of Supervisory Directors (since 2010)[11]
  • Association of Sparda Banks, Member of the Advisory Board
  • CNC Communications & Network Consulting, Member of the Board of Experts (since 2009)
  • Stadtwerke Erfurt, Member of the Supervisory Board (2002-2006)

Other organizations[edit]

Since 2001, Schneider has acted as chairman for “Erfurt Runs” (Erfurt rennt)[1] a relay race around the Erfurt Cathedral to support tolerance and inclusion.[12] He is also a member of the board of trustees for the Bonn-based Community-Mindedness Campaign.[13]

Political positions[edit]

Eurozone crisis management[edit]

Schneider has been critical of Chancellor Angela Merkel and her policy of bailouts for Greece and Cyprus. In August 2011, he publicly criticized Labor Minister Ursula von der Leyen for demanding collateral from euro-area members needing financial aid.[14]

Schneider also criticized a possible bailout that would not punish foreign tax evaders storing their money in Cypriot banks.[15] In April 2013, he helped build support among the SPD parliamentary group for the incumbent center-right government’s move to contribute to a 10 billion euros international bailout of Cyprus that included losses for uninsured depositors in two of the island’s banks.[16]

In 2011, Schneider and his counterpart Norbert Barthle from the Conservative CDU urged Portugal to consider selling some of its gold reserves to ease debt woes[17] and therefore reduce the cost to German taxpayers of bailing it out.[18]

Banking sector[edit]

In an opinion piece for Financial Times,[19] he expressed doubt in Merkel and the CDU/CSU coalition's plan to begin to recapitalize banks involved in European sovereign-debt crisis, saying:

"A supervisory institution without the authority to wind up failing banks is, in effect, a guarantee of survival for big banks. The ESM would strengthen their capacity to blackmail the public."

In 2011, Schneider advocated a salary cap of 500,000 euros ($692,400) and a higher tax on bonus payments for bankers whose companies may need government help.[20]

On the European Commission’s 2014 proposal for a structural reform of the EU banking sector, Schneider criticized the measures as insufficient and held that "separating certain risky business, such as credit to hedge funds, from banks' core business is a central lesson from the financial crisis".[21]

Personal life[edit]

Schneider has been married since 2000. The couple has two children.

References[edit]

  1. ^ a b "Deutscher Bundestag: Schneider, Carsten". Bundestag.de. 2007-02-16. Retrieved 2013-06-24.
  2. ^ "Official Biography, Carsten Schneider". Deutscher Bundestag. Retrieved 15 June 2013.
  3. ^ Schneider, Carsten. [2. http://www.carsten-schneider.de/cms/fileadmin/dokumente/Lebenslauf-englisch.pdf "English-language Curriculum Vitae"] Check |url= value (help) (PDF). Retrieved 24 June 2013.
  4. ^ Schumacher, Claudia (2009-09-13). "Carsten Schneider: Der Aufstiegsaspirant". Handelsblatt. Retrieved 24 June 2013.
  5. ^ Martin Debes (October 27, 2017), Schneider zieht sich aus SPD-Landesspitze zurück Thüringer Allgemeine.
  6. ^ Schneider, Christian (2 June 2012). "Der Dauerleister". Die Tageszeitung. Retrieved 24 June 2013.
  7. ^ Roger Cohen (October 25, 1998), Germany's New Face: Age 22, at Threshold of Change New York Times.
  8. ^ Medick, Veit (2012-06-26). ""Seeheimer Kreis": Finanzexperte Schneider soll neuer Sprecher der SPD-Rechten werden". SPIEGEL ONLINE. Retrieved 24 June 2013.
  9. ^ Andrea Thomas (September 24, 2013), Social Democrats Resist Joining Merkel in New Government Wall Street Journal.
  10. ^ Hans Monath und Stephan Haselberger (September 26, 2017), Nahles einstimmig für Fraktionsvorsitz nominiert Tagesspiegel
  11. ^ 2009 Annual Report KfW.
  12. ^ "Erfurt-Rennt". Erfurtrennt.de. Retrieved 2013-06-24.
  13. ^ (http://www.gemeinsinn.de/42.html)
  14. ^ Niklas Magnusson (August 23, 2011), SPD Criticizes Von Der Leyen for Euro Bailout Demand, Welt Says Bloomberg News.
  15. ^ Höck, Carl-Friedrich (22 March 2013). "SPD-Haushaltsexperte Carsten Schneider im Interview: "Zyperns Regierung hat den Ernst der Lage nicht erkannt"". Vorwärts. Retrieved 24 June 2013.
  16. ^ Peter Ehrlich (April 16, 2013), Germany set to approve Cyprus aid Financial Times.
  17. ^ Rhiannon Hoyle (July 1, 2011), Greece Central Bank Boosts Its Gold Holdings Wall Street Journal.
  18. ^ David Cottle (May 5, 2011), Should the Golden Goose Be Plucked? Wall Street Journal.
  19. ^ Schneider, Carsten (17 June 2013). "Europe Remains Open to Bankers' Blackmail". FT.com. Retrieved 24 June 2013.
  20. ^ Richard Weiss (October 15, 2011), German Politicians Demand Salary Caps for Bankers, Bild Says Bloomberg News.
  21. ^ Matthias Sobolewski (September 9, 2014), Germany says won't delay plans to isolate risky bank business Reuters.