There are still deep-seated structural problems that threaten the economic balance in the world: Between the United States and China, for example, but also within Europe. We have taken a few steps toward taming the financial markets, but we haven't come nearly far enough to rule out a repetition of the crisis.
Peer SteinbruckIf things sometimes get tough, you can't ask yourself what impact it's having on you. It isn't an option.
Peer SteinbruckThe U.S. will lose its status as the superpower of the world financial system. The world will become multi-polar.
Peer SteinbruckGreece will not manage to get back on its feet without restructuring its debt. There is no way around it. The country's creditors will have to reduce a portion of its debts by extending maturity dates, lowering interest rates or giving them what's called a 'haircut' in financial jargon.
Peer SteinbruckThe euro is a vital issue for Germany. There is no other country that derives as much benefit from the common domestic market and the monetary union as Germany.
Peer Steinbruck