The position of EU commissioner for economic and monetary affairs could be combined with the office of Euro Group chairman. That job would be a great challenge for anyone who assumed it. On the one hand, he would have to make proposals. On the other hand, he would have to negotiate compromises with his European counterparts.

I am, however, deeply saddened by this [Brexit] vote by the British electorate. But I respect their decision. What is crucial now is that we focus very precisely on what Europe can do for people: stimulate investment, create jobs and together ensure the safety and security of our citizens.

A united Europe is our Continent's only chance to avoid falling off the world's radar. The heads of government of Germany, France and the United Kingdom also know that their voice is only heard internationally because they speak through the megaphone of the European Union.

For my generation, the monetary union has always been about forging peace.

The outcome of the referendum does not affect those of my officials who have British nationality, since they work for Europe and not for the UK. They have made a major contribution to our common European project, and I will continue to count on their talent and commitment.

One can't allow blind loyalty to a friendship to lead one away from acting in the public interest. If Martin [Schulz] were to propose something that was totally absurd, our friendship would not prevent me from doing the opposite.

The position of EU commissioner for economic and monetary affairs could be combined with the office of Euro Group chairman. That job would be a great challenge for anyone who assumed it. On the one hand, he would have to make proposals. On the other hand, he would have to negotiate compromises with his European counterparts.