On April 23, 1998, members of the German Bundestag debated whether
Germany should approve the introduction of the common European currency,
the Euro. Chancellor Helmut Kohl tried to dispel fears about the new
currency and reminded parliament that there had also been doubts before
the introduction of the Deutschmark in 1948. During the debate, SPD
chancellor candidate Gerhard Schröder declared his support for the Euro
but demanded that the common currency be embedded into a framework of
European economic, finance, social, and labor market policies. Joschka
Fischer of the Greens criticized the fact that no referendum had been
held on the introduction of the Euro, and Gregor Gysi of the PDS faulted
the Kohl government for being more interested in a Europe of banks,
insurance companies, and arms manufacturers than a Europe for wage
earners. PDS members of the Bundestag protested with signs saying “Euro
– Not This Way!” (below). According to a survey, 59 percent of Germans
would have voted against the Euro had a referendum been held. Despite
this, the Bundestag approved the introduction of the Euro with a clear
majority of 575 to 35, with five abstentions.
PDS Protest against the Adoption of the Euro (April 23, 1998)
Arne Schambeck
Source
Source: Bildarchiv, B 145 Bild-00122188
REGIERUNGonline/Schambeck