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Reuters
28-04-2025
- Business
- Reuters
Germany's new cabinet: who's who?
Katherina Reiche of the Christian Democratic Union (CDU) arrives for the awarding ceremony of the M100 media prize 2010 in Potsdam, September 8, 2010. REUTERS/Johannes Eisele/Pool/file photo Purchase Licensing Rights, opens new tab BERLIN, April 28 (Reuters) - A new coalition government is taking shape in Berlin, with chancellor-in-waiting Friedrich Merz picking close allies and corporate executives for his cabinet to tackle Germany's economic malaise amid trade tensions and a surging far right. Merz's conservative CDU/CSU bloc announced its nominees on Monday but the junior party in the incoming coalition, the centre-left Social Democrats (SPD), are not expected to name their candidates, including for the finance and defence ministries, until later. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. The new coalition is expected to be sworn in on May 6. Here are the key appointments so far: ECONOMY MINISTRY, KATHERINA REICHE Reiche, 51, takes on the key ministry from the Greens' Robert Habeck at a time of prolonged economic downturn in Europe's largest economy. She has been CEO of regional energy infrastructure firm Westenergie - a division of ( opens new tab, Europe's largest operator of power grids - since early 2020. She also sits on the supervisory boards of German machine and car parts maker Schaeffler and Swedish energy firm Ingrid Capacity. Reiche is a member of Merz's conservative CDU party, having served as a member of Germany's parliament from 1998 until 2015 and held roles as parliamentary secretary at the environment and transport ministries. FOREIGN MINISTRY, JOHANN WADEPHUL Wadephul, 62, will succeed Annalena Baerbock of the Greens as Germany's top diplomat. A member of Germany's parliament since 2009, he is deputy leader of the CDU/CSU conservative faction in parliament responsible for foreign and defence topics. Wadephul is expected to be particularly loyal to Merz and implement the objectives of his chancellery on the world stage, according to Jana Puglierin of the European Council on Foreign Relations. "Merz has created the conditions and structures to be a very strong chancellor in foreign policy. He will be responsible for relations with the United States, China and Russia," she said. CHANCELLERY CHIEF-OF-STAFF THORSTEN FREI Frei, Merz's right-hand man in the chancellery, has often been pictured at the would-be chancellor's side during the coalition talks. The 51-year-old has served in the Bundestag since 2013 and taken on leading roles in the CDU's parliamentary faction, with a focus on interior and justice policy. Between 2004 and 2013, he was the mayor of Donaueschingen, a town of some 22,000 on the edge of the Black Forest. DIGITAL MINISTRY, KARSTEN WILDBERGER Wildberger will step down from his role as chief executive of German tech retailer Ceconomy ( opens new tab to join Merz's government. His position puts him in charge of modernising the German economy in a digital world, a task that has often seen only sluggish progress in a country still known for using fax machines and cash transactions. The 55-year-old has also previously served on the boards of German utility ( opens new tab and telecoms groups Telstra, Vodafone and Deutsche Telekom ( opens new tab. From 1998 until 2003, he worked as a management consultant at Boston Consulting Group. TRANSPORT MINISTRY, PATRICK SCHNIEDER Schnieder, 56, has served as a member of the German parliament since 2009 and previously worked as a lawyer. Since 2018, he has had a leading role in the conservatives' Bundestag faction. HEALTH MINISTRY, NINA WARKEN Warken, 45, has been a member of the Bundestag for the CDU since 2018 and previously served in parliament between 2013 and 2017. More recently, she sat on the parliamentary monitoring group for the COVID-19 pandemic. EDUCATION AND FAMILY MINISTRY, KARIN PRIEN Prien, 59, will move to federal level having served since 2017 as state minister for education, science and culture in Schleswig-Holstein, northern Germany. She leads the CDU's Jewish Forum and is a member of the Freundeskreis Yad Vashem, a group working to preserve the memory of the Holocaust. Reporting by Andreas Rinke and Sarah K Marsh, Writing by Rachel More Editing by Gareth Jones Our Standards: The Thomson Reuters Trust Principles., opens new tab
Reuters
05-03-2025
- Business
- Reuters
Germany's nuclear lobby says up to six reactors could restart
FRANKFURT, March 5 (Reuters) - Germany's nuclear engineering lobby on Wednesday said up to half a dozen nuclear power stations could in theory be reopened despite closing in 2023 as a result of Berlin's decision to exit nuclear power, as the next government looks to secure cheaper energy. Germany's conservatives, winners of the February election, said resuming nuclear power generation was an option to tackle high power prices and rising dependency on electricity imports, most notably from nuclear-reliant France. The operators of the nuclear plants said, however, their closure was final. Members of the nuclear technology lobby group include subsidiaries of Westinghouse and Framatome as well as part-German owned nuclear engineering services company Nukem ( opens new tab ( opens new tab. "The recommissioning of up to six nuclear power plants is technically quicker the decision is made, the less money it costs and the sooner the baseload-securing, climate-friendly plants can rejoin the grid," the KernD group said in a statement. Investment of between 1 and 3 billion euros ($1.07-3.21 billion) per station could pay for recommissioning, it added. The statement came a day after the German parties hoping to form the country's next government agreed to create a 500 billion euro infrastructure fund and overhaul borrowing rules in a tectonic spending shift to revamp the military and revive growth in Europe's largest economy. KernD said the operational costs of existing nuclear assets to be reopened would be competitive and the plants worked independently of the weather. Renewable power output was reduced for weeks last year due to adverse weather. Germany also aims to phase out coal burning in coming years. "Artificial intelligence, data centers and high tech companies need masses of power, and Germany could deliver," KernD said. Operators of Germany's closed reactors have ruled out reopening them. Leonhard Birnbaum, chief executive of ( opens new tab, last week said it was unfeasible, stressing decommissioning was in full swing. Sector peers such as RWE ( opens new tab and EnBW ( opens new tab have also cited high costs, lacking availability of staff and fuels and regulatory gaps as hindrances. ($1 = 0.9348 euros)
