Friday, May 30, 2025

Health Crisis Hits Former Chancellor Schröder as He Misses Key Nord Stream Testimony

Former German Chancellor Gerhard Schröder (80), a controversial figure due to his lobbying activities in Russia, including serving as chairman of the Russian oil company Rosneft, was seen attending the German Unity Day ceremony in Hamburg on October 3, 2024. / AP Newsis
Former German Chancellor Gerhard Schröder (80), a controversial figure due to his lobbying activities in Russia, including serving as chairman of the Russian oil company Rosneft, was seen attending the German Unity Day ceremony in Hamburg on October 3, 2024. / AP Newsis

Former German Chancellor Gerhard Schröder, 80, is currently undergoing hospital treatment for burnout symptoms.

According to local media reports, including the Süddeutsche Zeitung (SZ) on Tuesday, Schröder’s physician stated that he is exhibiting “typical burnout symptoms, including severe fatigue and lack of energy,” adding that he is suffering from decreased concentration, memory loss, and sleep disorders.

The news of Schröder’s burnout comes as he was scheduled to appear before a committee investigating the Nord Stream gas pipeline project.

At the end of last month, Schröder submitted a notice of absence, citing health issues, and did not attend the scheduled hearing. His doctor stated that he would be unable to cope with the physical and mental stress of prolonged public hearings for the time being.

The state of Mecklenburg-Vorpommern is investigating Schröder’s role in the construction of Nord Stream-2, as he was the chairman of the shareholder committee of the pipeline operator.

During his tenure as Chancellor from 1998 to 2005, Schröder approved the Nord Stream 1 pipeline, which transports Russian natural gas to Germany. After leaving office, he worked as a lobbyist, notably as chairman of Rosneft, a Russian oil company.

The Nord Stream project consists of four underwater Baltic Sea gas pipelines, including the Nord Stream-2 approved during Angela Merkel’s chancellorship. Three of these pipelines were blown up in September 2022. German prosecutors believe that Ukrainian divers carried out the explosion and are currently investigating the matter.

Schröder has faced criticism for maintaining a close relationship with Russian President Vladimir Putin and continuing business ties with Russian energy companies, even after the outbreak of the war in Ukraine.

In May 2022, the Bundestag cut Schröder’s office rental and staff budget, asserting he was not fulfilling his duties as a former Chancellor. In response, Schröder filed a lawsuit against the parliament, claiming that he had acted as a former Chancellor by attempting to mediate with Russia to resolve the conflict.

Burnout is characterized by exhaustion from physical and emotional energy depletion, a cynical attitude toward work, and a decline in professional efficacy. In 2019, the World Health Organization (WHO) defined burnout as a syndrome resulting from chronic workplace stress that has not been successfully managed.

Hot this week

Trump’s Bold Move: Retirement Funds Can Now Flow into Bitcoin Investments

The Trump administration allows Bitcoin investments in pension accounts, reversing Biden-era restrictions, potentially benefiting the Trump family.

WTI and Brent Crude Climb on Renewed Supply Fears

Oil prices surged due to supply concerns and geopolitical tensions, despite OPEC+ plans to maintain production levels.

Nvidia Beats Expectations with AI-Driven Growth, Stock Rallies Post-Close

The New York stock market fell ahead of Nvidia's earnings, which later exceeded expectations, boosting investor confidence and tech stocks.

First Sale Rule Gains Renewed Traction Amid New U.S. Tariffs

As tariffs rise, companies are revisiting the First Sale Rule to lower import duties, despite its strict requirements and paperwork.

OPEC+ Meeting Spurs Market Caution, Drives Oil Prices Lower

Oil prices fell as OPEC+ plans to boost output, with Brent crude at $64.09 and WTI at $60.89 per barrel amid rising supply expectations.

Topics

Trump’s Bold Move: Retirement Funds Can Now Flow into Bitcoin Investments

The Trump administration allows Bitcoin investments in pension accounts, reversing Biden-era restrictions, potentially benefiting the Trump family.

WTI and Brent Crude Climb on Renewed Supply Fears

Oil prices surged due to supply concerns and geopolitical tensions, despite OPEC+ plans to maintain production levels.

Nvidia Beats Expectations with AI-Driven Growth, Stock Rallies Post-Close

The New York stock market fell ahead of Nvidia's earnings, which later exceeded expectations, boosting investor confidence and tech stocks.

First Sale Rule Gains Renewed Traction Amid New U.S. Tariffs

As tariffs rise, companies are revisiting the First Sale Rule to lower import duties, despite its strict requirements and paperwork.

OPEC+ Meeting Spurs Market Caution, Drives Oil Prices Lower

Oil prices fell as OPEC+ plans to boost output, with Brent crude at $64.09 and WTI at $60.89 per barrel amid rising supply expectations.

U.S. Markets Rebound Post-Holiday on Optimism Over U.S.–EU Trade

U.S. stock markets surged after tariff negotiations, with M7 tech companies leading gains, notably Tesla and Nvidia.

North Korea’s Mount Kumgang Poised for UNESCO World Heritage Status

North Korea's Mount Kumgang is recommended for UNESCO World Heritage listing, potentially becoming its third site by July.

Qualcomm Unveils Next-Gen DragonWing Tools for Embedded and Industrial IoT

Qualcomm hosted the IoT Partner & Tech Day, showcasing innovations in IoT, AI, and new products to strengthen partnerships in various sectors.

Related Articles