I take note of the fact that there are a lot of people who appreciate what I do as parliament president, not just within my Social Democratic party group, but also among the conservatives.

If we no longer judge the content of people's actions, but merely their form, then we are entering dangerous times indeed.

It became obvious that we had completely failed to impose rules on unbridled speculative capitalism. That destroyed financial systems, hollowed out state systems and deeply shook German social stability. Can you recall the debate about "locust" hedge funds - even if it's a terrible term. The speculator capitalists roamed the land, stealing the substance from companies and throwing away the shells. And we were powerless.

The quota idea is a good one, but there are two problems with it. The first is clear: A quota system would also require all European countries to be prepared to take refugees. And secondly: What happens when the quota has been filled? Would we then simply tell those who are threatened, sorry but we have to send you back?

We need a big debate in society about how we are going to shape Europe and tame capitalism. A government must provide direction and make concrete proposals. It is one of Angela Merkel's biggest failings that she doesn't do this.

I believe that the majority of people in Europe want to demonstrate solidarity with the refugees.

As a party of labor, the SPD must work together with the unions to ensure that people can make a living with their work. That is why I am not a proponent of the concept of unconditional basic income. I am, however, very much in favor of decent wage agreements, secure and lasting jobs, employee participation in decision-making and the examination of the social justification for claims and payments.