Olaf Scholz has been Federal Minister of Finance and Vice-Chancellor of the Federal Republic of Germany since March 2018. Scholz was born in the German city of Osnabrück in 1958, grew up in Hamburg and is married. In 1985, he completed his law degree at the University of Hamburg. He joined the Social Democratic Party of Germany (SPD) in 1975. Since then, he has served in various positions within the party. He was a member of the German Bundestag from 1998 to 2001 and from 2002 to 2011. In 2007, Scholz became Federal Minister of Labour and Social Affairs, a position he held until 2009. Following this, he was appointed deputy chair of the SPD parliamentary group. From 2011 to 2018, he served as Mayor of Hamburg. From February until April 2018, he was acting chair of the SPD.