Georg Fahrenschon
- January 11, 2024
- Economist
Quick Facts
Georg Fahrenschon Biography
| Birthday | Feb 8 |
| Birth Year | 1968 |
Georg Fahrenschon is one of the most popular and richest Economist who was born on February 8, 1968 in Munich, Germany. Georg Fahrenschon (born 8 February 1968) is Georg Fahrenschon (born 8 February 1968) is a German politician, who is a representative for the Christian Social Union of Bavaria. From 2008 until 2011, he was finance minister at the Bavarian State Ministry of Finance. He was an elected participant in the Bundestag of Germany from 2007 to 2008.
In the process of negotiating an unifying government following 2009 elections for the federal parliament Fahrenschon was a part of the group working on taxation, the budget of the nation as well as financial policies, which was led by Thomas de Maiziere and Hermann Otto Solms.
In 2011, Fahrenschon presented a proposal envisaging tax cuts of 5 billion euros ($6.5 billion) for lower- and middle incomes by 2013, the year of the subsequent federal election; this move put him in conflict with federal Finance Minister Wolfgang Schäuble, who wanted to delay tax cuts to cut Germany’s budget deficit.
In 2012, Fahrenschon led Germany’s savings banks in helping quash a proposal for Europe-wide deposit guarantees. He later sought to limit the remaining aspects of a European banking union, namely a joint resolution fund and central supervision of all the region’s lenders. Eventually, it was agreed that day-to-day supervision of all but one of the 417 Sparkassen – the largest, the Hamburger Sparkasse is the exception – would remain in German hands.
In the aftermath of elections in the Bavarian state elections of 2008, Fahrenschon became the State Minister of Finance within Cabinet of the Minister President Horst Seehofer. During his tenure as Minister of Finance, he was in charge of the discussions together with Austrian partner Josef Proell in 2009 about Austria nationalizing Hypo Alpe-Adria Bank International, a local division of BayernLB due to the huge losses from the loans made to Southeast as well as Eastern Europe had driven the overextended lender close to the edge of financial ruin.
Georg Fahrenschon Net Worth
| Net Worth | $5 Million |
| Source Of Income | Economist |
| House | Living in own house. |
Georg Fahrenschon is one of the richest Economist from Germany. According to our analysis, Wikipedia, Forbes & Business Insider, Georg Fahrenschon 's net worth $5 Million. (Last Update: December 11, 2023)
Fahrenschon graduated with the degree of Diplom in Economics in 1999 from The University of Augsburg in 1999.
After the federal elections of 2002 Fahrenschon was elected a member of the German Bundestag in which he was a member of the Finance Committee. Within the Finance Committee, he was the CDU/CSU parliamentary group’s rapporteur on Germany’s Transparency Directive Implementation Act (Transparenzrichtlinie- Umsetzungsgesetz, TUG), among others.
In October 2011, it became known that both Fahrenschon and Steffen Kampeter, Parliamentary State Secretary at the German Finance Ministry would be seeking the presidency of the DSGV after incumbent Heinrich Haasis stepped down.
Height, Weight & Body Measurements
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Facts & Trivia
Georg Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in Germany. Georg Fahrenschon celebrates birthday on February 8 of every year.