Helmut Schmidt

Helmut Heinrich Waldemar Schmidt was a German politician and member of the Social Democratic Party of Germany (SPD), who served as Chancellor of the Federal Republic of Germany (West Germany) from 1974 to 1982.

Before becoming Chancellor, he had served as Minister of Defence (1969–1972) and as Minister of Finance (1972–1974). In the latter role he gained credit for his financial policies. He had also served briefly as Minister of Economics and as acting Foreign Minister. As Chancellor, he focused on international affairs, seeking "political unification of Europe in partnership with the United States." He was an energetic diplomat who sought European co-operation and international economic co-ordination. He was re-elected chancellor in 1976 and 1980, but his coalition fell apart in 1982 with the switch by his coalition allies, the Free Democratic Party.

He retired from Parliament in 1986, after clashing with the SPD's left wing, who opposed him on defence and economic issues. In 1986 he was a leading proponent of European monetary union and a European Central Bank.