Markus Söder
| Markus Söder | |
|---|---|
 |
|
| State Minister for Finance, Regional Development and Home Affairs | |
|
Assumed office 2011 |
|
| Minister-President | Horst Seehofer |
| Preceded by | Georg Fahrenschon |
| Personal details | |
| Born |
5 January 1967 Nuremberg, Bavaria, West Germany (now Germany) |
| Political party | Christian Social Union |
| Religion | Lutheran |
Markus Söder (born 5 January 1967 in Nuremberg) is a German politician and party member of the CSU party. He is Bavarian State Minister for Finance, Regional Development and Home Affairs (Staatsminister der Finanzen, für Landesentwicklung und Heimat) since 2011. Söder is referred to as the closest competitor and possible successor of CSU chairman Horst Seehofer, who in 2012 had announced his political retreat for 2017/18. However, on the 24th of April 2017 Seehofer instead decided to continue his political career with the CSU, meaning Söder will have to wait accordingly.
Söder has been a member of the Landtag, the state parliament of Bavaria, since 1994. From 2003 to 2007 he was Secretary General of the CSU party; in this capacity, he worked closely with then Minister-President and party chairman Edmund Stoiber.
Söder has since been member of the Beckstein, Seehofer I and II cabinets. From 2007 to 2008 he was State Minister for Federal and European Affairs in Bavaria and from 2008 to 2011 State Minister for Environment and Health.
During his time in office as finance minister, Söder was put in charge of overseeing the restructuring process of ailing state-backed lender BayernLB in a bid to win approval for an aid package from the European Commission. In 2014, he pushed BayernLB to sell its Hungarian MKB unit to that country's government, ending an ill-fated investment that had cost it a total of 2 billion euros ($2.7 billion) in losses over 20 years. In 2015, Söder and his Austrian counterpart Hans Jörg Schelling agreed a provisional deal that settled the two governments’ array of legal disputes stemming from the collapse of the Carinthian regional bank Hypo Alpe-Adria-Bank International. Under the memorandum of understanding, Austria would pay €1.23 billion to Bavaria. All legal cases relating to the dispute would also be dropped.
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