German finance minister Thomas Schäfer commits suicide over coronavirus economic concerns

A German finance minister Thomas Schäfer is believed to have committed suicide over concerns the fast spreading novel coronavirus would have severe economic consequences on his state.

DW News reported that the body of 54-year old finance expert from the central German state Hesse was found on railroad tracks near Frankfurt over the weekend.

Police was reported to believe suicide was to blame while German newspaper Frankfurter Allgemeine Zeitung claimed a suicide note was left behind.

A report said “the state’s premier Volker Bouffier said Schäfer, who had been the finance minister for nearly a decade, was worried about Hesse’s ability to react to the economic devastation felt from the coronavirus”.

“His main concern was whether he could manage to fulfill the huge expectations of the population, especially in terms of financial aid,” Bouffier said on Sunday. “For him, there was clearly no way out. He was disappointed and so he had to leave us. That has shocked us, has shocked me.”

NDTV reported that the finance minister had a wife and two children.

“Schäfer, like Chancellor Angela Merkel, was a member of Germany’s CDU party. Multi-national financial institutions including Deutsche Bank are headquartered in the banking city of Frankfurt, which is in Hesse,” a report said.

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Simon Ateba
Simon Ateba
Based in Washington, District of Columbia, United States of America, Simon leads a brilliant team of reporters, freelance journalists, analysts, researchers and contributors from around the world to run TODAY NEWS AFRICA as editor-in-chief. Simon Ateba's journalistic experience spans over 10 years and covers many beats, including business and investment, information technology, politics, diplomacy, human rights, science reporting and much more. Write him: [email protected]

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