Peer Steinbrueck of the SPD , German Chancellor Angela Merkel's challenger for the next elections, delivers a speech during an extraordinary party convention of the German Social Democrats, SPD, in Hannover, northern Germany, Sunday, Dec. 9, 2012. The center-left Social Democrats held a special party convention to elect former Finance Minister Steinbrueck officially as their candidate to take on Merkel when Germans elect a new Parliament next fall. (AP Photo/dapd, Clemens Bilan)

Associated Press
Peer Steinbrueck of the SPD , German Chancellor Angela Merkel's challenger for the next elections, delivers a speech during an extraordinary party convention of the German Social Democrats, SPD, in Hannover, northern Germany, Sunday, Dec. 9, 2012. The center-left Social Democrats held a special party convention to elect former Finance Minister Steinbrueck officially as their candidate to take on Merkel when Germans elect a new Parliament next fall. (AP Photo/dapd, Clemens Bilan)
Peer Steinbrueck of the SPD , German Chancellor Angela Merkel's challenger for the next elections, delivers a speech during an extraordinary party convention of the German Social Democrats, SPD, in Hannover, northern Germany, Sunday, Dec. 9, 2012. The center-left Social Democrats held a special party convention to elect former Finance Minister Steinbrueck officially as their candidate to take on Merkel when Germans elect a new Parliament next fall. (AP Photo/dapd, Clemens Bilan)
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