Those who seek to level (living conditions in the East and the West), cements the framework of subsidies and burdens the next generation with unbearable debtGerman president calls for realism in East Sep 13, 2004
I will leave the IMF with the deepest appreciation of its integrity and its dedication to helping its membersKoehler resigns IMF for presidency Mar 04, 2004
Turkey's economic program has delivered a remarkable strengthening of market confidence, while interest rates have fallen sharply. For the second year running, both economic growth and inflation look set to surpass program projectionsIMF approves continuing loans to Turkey Dec 18, 2003
Brazil has come a long way since last year's financial market volatility. The response of the new administration to financial pressures has been both ambitious and courageous, balancing fiscal and monetary policy discipline with the resolute pursuit of key social goals to relieve poverty and strengthen the social safety netBrazil secures $6.6 billion from IMF Dec 15, 2003
In a way, we (the United States) got off lightlyTreasury: Europe, Japan economies lagging Apr 12, 2003
Horst Köhler (pronounced ( listen); born 22 February 1943) is a German politician of the Christian Democratic Union. He was President of Germany from 2004 to 2010. As the candidate of the two Christian Democratic sister parties, the CDU and the CSU, and the liberal FDP, Köhler was elected to his first five-year term by the Federal Assembly on 23 May 2004 and was subsequently inaugurated on 1 July 2004. He was reelected to a second term on 23 May 2009. Just a year later, on 31 May 2010, he resigned from his office in a controversy over his comment on the role of the German Bundeswehr in light of a visit to the troops in Afghanistan.
Köhler is an economist by profession. Prior to his election as President, Köhler had a distinguished career in politics and the civil service and as a banking executive. He was President of the European Bank for Reconstruction and Development from 1998 to 2000 and head of the International Monetary Fund (IMF) from 2000 to 2004.
Although the office of President is less influential than that of the Chancellor and is mostly concerned with ceremonial matters, Köhler was a highly popular politician during his tenure. He has called for more influence for the President and has suggested the President should be directly elected (as was the case under Germany's Weimar Constitution).