Olle Schmidt was an MEP from 1999 to 2004, returned in 2006 and stayed until 2014. He served as a member of the bureau of the ALDE group in the parliament and remains as Vice-President of the ALDE party to this day. As an MEP, Schmidt was a member of the economic and monetary affairs committee as the EU institutions responded to the global financial crisis. Schmidt was also a member of the Special Committee on the Financial, Economic and Social Crisis (2009-2011).
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