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Germany's Schäuble Expected to Step Aside as Finance Minister

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Wolfgang Schäuble, one of the most powerful policy makers in the euro currency zone, is set to step down as Germany’s finance minister in the wake of the country’s election, ending an era in which the veteran conservative shaped Europe’s response to its debt crisis.
BERLIN—Wolfgang Schäuble, one of the most powerful policy makers in the euro currency zone, is set to step down as Germany’s finance minister in the wake of the country’s election, ending an era in which the veteran conservative shaped Europe’s response to its debt crisis.
Chancellor Angela Merkel’s conservative party said Wednesday it will nominate him as president of the Bundestag, Germany’s lower house of parliament, a role that is the equivalent of parliamentary speaker in other countries. Mr. Schäuble has indicated…

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