Olaf Scholz, German federal minister of finance and vice chancellor, discussed the topic of “The Transatlantic Partnership: Common Values in a Changing World” on April 12, 2019, at the Peterson Institute for International Economics (PIIE).
The United States and Europe are bound by a special relationship. But differences over security policy, trade, and climate change have placed a strain on transatlantic ties. In his opening remarks, Vice Chancellor Scholz addressed US-European relations, emphasizing the importance of a smoothly functioning, values-based transatlantic partnership.
Scholz has been federal minister of finance since March 2018 and acting chairman of the Socialist Democratic Party (SPD) since February 2018. Previously, he served as first mayor of the Free and Hanseatic City of Hamburg during 2011–18 and vice chairman of the SPD parliamentary group in the German Bundestag during 2009–11. He was also federal minister of labor and social affairs during 2007–09.