The United States lived on borrowed money for too long, inflating its financial sector unnecessarily and neglecting its small and mid-sized industrial companies. Wolfgang Schauble Read Quote
Mr. Geithner is an excellent minister. We have a good personal relationship. Wolfgang Schauble Read Quote
Germany has always stood for an E.U. of the 27 countries. But in light of Britain’s continued resistance to further integration steps, as we saw with the fiscal pact, there are limits to my optimism in this regard. It’s quite possible that we will have to create the new institutions for the euro zone first. Wolfgang Schauble Read Quote
Europe should speak more effectively and clearly with one voice in the world. Wolfgang Schauble Read Quote
I’ve been a politician long enough to know that every year will find us living in a situation that one couldn’t have imagined a year previously. Sometimes it’s better than we imagined, sometimes it’s not as good. Wolfgang Schauble Read Quote
This much is true: When we created the euro, it wasn’t possible to create a political union along with it. People weren’t ready for that. But since then, they’ve grown more willing to go in that direction. It’s a process, one that is sometimes laborious and sometimes slow. But it’s important to keep the populations involved. Wolfgang Schauble Read Quote
Even when one is doing well, one still worries that things might go badly again in the future. This is an old observation based on human experience. Wolfgang Schauble Read Quote
My private financial situation is such that I don’t need to worry about my investments. I don’t have much to invest. Wolfgang Schauble Read Quote
Greece’s debts are all denominated in euros, but it isn’t clear who holds how much of those debts. For that reason, the consequences of a national bankruptcy would be incalculable. Greece is just as systemically important as a major bank. Wolfgang Schauble Read Quote
If you are prepared to run for public office, you also have to be willing to accept a debate about you. Wolfgang Schauble Read Quote
