Phrase by 'Wolfgang Schauble'
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We cannot allow the bankruptcy of a euro member state like Greece to turn into a second Lehman Brothers.
Author: Wolfgang Schauble - German PoliticianLike , Cannot , Turn , Greece
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.
Author: Wolfgang Schauble - German PoliticianImportant , Reason , Bank , Consequences
It is true that no member state can be required to make payments to others. But if countries want to offer voluntary assistance, as in the Greek case, this isn't only allowed, but it's also in Germany's interest. We all benefit by ensuring the stability of the euro zone.
Author: Wolfgang Schauble - German PoliticianOthers , Want , Only , True
I would caution against fueling cheap populism. First of all, every German who has spent a vacation in Greece knows that the standard of living there isn't higher than it is in Germany. Second, Greece is paying a high price for European assistance.
Author: Wolfgang Schauble - German PoliticianLiving , High , Vacation , Price
I think there will be no government bankruptcy in Greece.
Author: Wolfgang Schauble - German PoliticianThink , Will , I Think , Government
My private financial situation is such that I don't need to worry about my investments. I don't have much to invest.
Author: Wolfgang Schauble - German PoliticianNeed , Worry , Situation , Financial
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.
Author: Wolfgang Schauble - German PoliticianDoing , Experience , Go , Future
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.
Author: Wolfgang Schauble - German PoliticianSometimes , People , Political , True
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.
Author: Wolfgang Schauble - German PoliticianSometimes , Long , Better , Good
Europe should speak more effectively and clearly with one voice in the world.
Author: Wolfgang Schauble - German PoliticianMore , World , Voice , Speak
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