German parliament speaker meets Yunus to discuss social business

FE ONLINE DESK | Published: November 08, 2019 15:21:24

President of the Bundestag, Wolfgang Shauble discussing key economic issues with Nobel Laureate Professor Muhammed Yunus at the former's office in Berlin on Wednesday local time. Nasir Ali Mamun/Yunus Centre.

German parliament president Wolfgang Schäuble recently met with Nobel Laureate Professor Muhammad Yunus to discuss social business.

Economic issues related to poverty, microfinance, unemployment and youth also came up for discussion.

The meeting took place as responding to an invitation by Schäuble, Yunus went to the former's office on Wednesday local time.

Schäuble has been a member of the Bundestag since 1972 and is the longest-serving member of parliament in German history, according to a Yunus Centre press release received today (Friday).

He has been the president of the Bundestag since 2017 and is considered as being the architect of the unification of Germany.

Schäuble is an ardent admirer of microcredit.

During the hour-long discussion, Yunus briefed him on social business and the need for redesigning the existing framework of economics.

He also drew attention to the disastrous path the existing economic system was now on and talked about the response to the concept of social business in Germany.

Professor Yunus is now in Berlin to attend the Social Business Academia Conference (SBAC 2019) in Berlin.

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