With the departure of Wolfgang Schaeuble as the German finance chief following the federal election last month, political analysts and economists are busy profiling the possible next head of the country's finance ministry.
Angela Merkel's Christian Democratic Union (CDU) and its Bavarian sister party, the Christian Social Union (CSU) won the largest share of the vote in a federal election last month, but they are likely to have to rely on the pro-business Free Democratic Party (FDP) and Greens to support them in a "grand coalition." On Monday, Merkel told a joint news conference with the CSU's leader that the parties would begin coalition talks with the FDP and Greens next Wednesday. She added that on Friday October 20, the first round of "exploratory talks with all partners" would begin, Reuters reported.
The new person will not only dictate the economic direction of Europe's largest economy but will have a large influence over the euro zone itself. Here, CNBC highlights the prime candidates for the role and what impact they could have.