• Germany's news in English
 

SPD candidate earned €1.25 million on the side

Published: 30 Oct 2012 08:55 GMT+01:00

The chancellor candidate earned a total of €1.25 million from 89 speaking engagements since he left office as Merkel's finance minister in 2009, the Bild newspaper revealed ahead of Tuesday's announcement.

He earned an average of €14,065 per speech, the paper said, with fees for individual speeches ranging from €1,000 to €25,000. Adjusted for a 48.5 percent tax rate, that left him with an average of €7,314 per speech.

In some cases, Steinbrück also donated the fee to social projects, including the Catholic charity "Tafel Monheim", the family counselling service "Pro Familia", and a jazz museum.

Steinbrück also gave 237 unpaid speeches during that period, at schools, the SPD's political foundation Friedrich-Ebert-Stiftung, and in some charities.

These fees come on top of his salary as an MP in the Bundestag which amounts to €7,960 a month plus expenses. As a former state secretary, former minister in two different states, former state premier of North Rhine-Westphalia, and former federal finance minister, he is also entitled to a number of different pensions, amounting to around €1,800 a month, pension experts estimate.

The disclosure of his exact income comes after a row erupted in parliament over his earnings, and a debate about how much MPs should be allowed to earn on the side.

The government coalition recently announced a reform in the bracketing structure by which MPs' incomes are revealed, but fell short of imposing full disclosure.

The Local/bk

The Local (news@thelocal.de)

Your comments about this article

10:06 October 30, 2012 by lucksi
Good thing he doesn't have to say who bribed, erm sorry, sponsored, him with those lucrative speaking opportunities.

And sure, being on some boards of directors with several companies and getting paid 5 figure sums for speeches is not influencing any of our politicians. Who would ever dare to think that? Not me of course.
11:08 October 30, 2012 by raandy
He did pay taxes according to the article.He donated some earning to charity and 230+ free speeches and he appears to be transparent about what his income was.

Considering what top exces get paid ,his income from speeches is not that decadent.

Given the same opportunity to generate this kind of income, most would do the same.
11:40 October 30, 2012 by gorongoza
Compare this story with those of tax dodgers who sent their loot to Switzerland and the other little state.
16:31 October 30, 2012 by neunElf
A true champagne socialist!
Today's headlines
North Korea mistakenly outraged at Berlinale
Kim Jong Un has accidentally wounded his dignity while trying to stop his dignity being wounded. Photo: DPA

North Korea mistakenly outraged at Berlinale

North Korea turned harsh diplomatic language against Berlin's film festival in the mistaken belief that The Interview, the James Franco and Seth Rogen comedy about a murder plot against dictator Kim Jong Un, will be screened there. READ  

Let's officialize Muslim community: Berlin mayor
Muslims at prayer in Berlin's Sehitlik mosque. Photo: DPA

Let's officialize Muslim community: Berlin mayor

SPD party leader Raed Saleh wants to create a contract with the Muslim community similar to the one between the town hall and Christian and Jewish groups that grants them official status. READ  

Cities see slower house price growth
Berlin's Prenzlauer Berg. Photo: DPA

Cities see slower house price growth

A trend for ever-faster growth in house prices across Germany was reversed in 2014, as prices rose by four percent compared with seven the previous year 2013. READ  

Court probes abuse at Catholic boarding school
The monk at his court appearance in Munich on Thursday. Photo: DPA

Court probes abuse at Catholic boarding school

A monk and former teacher at a boarding school in the Bavarian alps pleaded not guilty on Thursday at his trial for abusing two pupils and attempted abuse of two more. READ  

'Fight harder' against corruption: activists
Bribery photo: Shutterstock

'Fight harder' against corruption: activists

Campaigners say the states can do more to fight corruption after a report showed that Brandenburg, Saarland, North Rhine-Westphalia and Hamburg had the highest numbers of cases. READ  

Renzi woos Merkel amid Florentine splendour
Angela Merkel and Matteo Renzi speaking in Florence. Photo: DPA

Renzi woos Merkel amid Florentine splendour

The eurozone's deep divisions were set to be given an airing in Florence on Friday as Italian Prime Minister Matteo Renzi hosted German Chancellor Angela Merkel days before crucial elections in Greece. READ  

Merkel offers Russia free-trade agreement
Photos: DPA

Merkel offers Russia free-trade agreement

Germany would be prepared to negotiate a free-trade agreement between the European Union and Russia as a way out of the deadlocked Ukraine conflict, Chancellor Angela Merkel said on Thursday. READ  

Get more 'gigaliners' on roads: Minister
Photo: DPA

Get more 'gigaliners' on roads: Minister

Environmentalists and train companies reacted with outrage to Transport Minister Alexander Dobrindt's plan to allow more giant "gigaliner" trucks on motorways before they've passed a trial period. READ  

Police arrest suspect in asylum seeker murder
Demonstrators in Dresden with photos of murder victim Khaled Idris Bahray

Police arrest suspect in asylum seeker murder

Police in Dresden have arrested a man on suspicion of killing his flatmate, an asylum seeker from Eritrea, on Monday January 12th. READ  

Meet the women fighting German tabloid sexism
Photo: DPA

Meet the women fighting German tabloid sexism

After a false dawn for campaigners against daily topless models in Britain's Sun newspaper, The Local talks to the women campaigning against sexism in Germany's biggest-selling tabloid. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Gallery
The best regional foods TTIP opponents want to protect
Photo: DPA
Features
The rise and spread of Pegida
Photo: Shutterstock
Culture
This cosplayer did not think his plan through
National
Europe in statistics - from Spain to Sweden
Photo: DPA
Politics
The Local's report from Pegida's largest ever demonstration.
Sponsored Article
Top-notch tech boosts bilingual schools
National
Six stories that will rock Germany this year
Photo: DPA
National
Terror alert at a new high. Should you be worried?
Dresden skyline and river by night. Photo: DPA
Politics
What does Dresden have against Muslims?
Photo: DPA
National
What were your favourite news stories of 2014?
Gallery
Top 12 German idioms
National
Why has The Local got a new logo?
Photo: DPA
National
This German was abducted and tortured by the CIA
Culture
10 top tips for partying in Germany
Photo: DPA
Technology
What does the Chancellor see as the future of the internet?
Photo: DPA
Berlin
The Local's series on 25 years since the fall of the Berlin Wall
Photo: DPA
Business & Money
JobTalk: All you need to know about working in Germany
National
Share news tips with The Local Germany
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

1,438
jobs available
Toytown Germany
Germany's English-speaking crowd