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German Minister Thomas Schaefer commits suicide after 'virus crisis worries'

Thomas Schaefer committed suicide apparently after becoming deeply worried over how to cope with the economic fallout from the coronavirus.

Published: 29th March 2020 07:49 PM  |   Last Updated: 29th March 2020 07:49 PM   |  A+A-

German Minister Thomas Schaefer

German Minister Thomas Schaefer (Photo | AP)

By AFP

FRANKFURT: Thomas Schaefer, the finance minister of Germany's Hesse state, has committed suicide apparently after becoming "deeply worried" over how to cope with the economic fallout from the coronavirus, state premier Volker Bouffier said Sunday.

Schaefer, 54, was found dead near a railway track on Saturday. The Wiesbaden prosecution's office said they believe he died by suicide.

"We are in shock, we are in disbelief and above all we are immensely sad," Bouffier said in a recorded statement.

Hesse is home to Germany's financial capital Frankfurt, where major lenders like Deutsche Bank and Commerzbank have their headquarters. The European Central Bank is also located in Frankfurt.

A visibly shaken Bouffier recalled that Schaefer, who was  Hesse's finance chief for 10 years, had been working "day and night" to help companies and workers deal with the economic impact of the pandemic.

"Today we have to assume that he was deeply worried," said Bouffier, a close ally of Chancellor Angela Merkel.

"It's precisely during this difficult time that we would have needed someone like him," he added.

Popular and well-respected, Schaefer had long been touted as a possible successor to Bouffier.

Like Bouffier, Schaefer belonged to Merkel's centre-right CDU party.

He leaves behind a wife and two children.



Comments(3)

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  • ST, Mumbai

    We have a neighbour who has been managing on loans and handouts since the last several years
    7 months ago reply
  • sparkles

    Did he commit suicide? When money is involved bad things always happens.
    7 months ago reply
    • ST, Mumbai

      @sparkles: The late Thomas Schaefer
      7 months ago reply
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