It isn't easy for everyone in Germany to make ends meet through well-paid work in Germany. You have to have sufficient skills and work hard. And I also know that we have much too much poverty and inequality here. Still, our parents and grandparents built an incredibly prosperous and peaceful country. One shouldn't, of course, play down the degree to which this is dependent on our economic strength. The truth is that Moscow, Beijing and Washington have one thing in common: They don't value the European Union at all. They disregard it.

A major danger for us Europeans: We must demonstrate that those who have this view of us are mistaken, that we can come to agreement, that we as a community of democratic and free nations are economically successful and are gaining political influence. To do so, we must learn to project our power.

In the past, Germany could rely on the French, the British and, especially, the Americans, to assert our interests in the world. We have always criticized the U.S. for being the global police, and it was often appropriate to do so. But we are now seeing what happens when the U.S. pulls back. If the U.S. leaves the room, other powers immediately walk in. In Syria, it's Russia and Iran. In trade policy, it's China. These examples show that, ultimately, we are no longer achieving either - neither the dissemination of our European values nor the advancement of our interests.

The claim that democracy and efficiency are contradictory is nonsense. That's evident in the history of democracy itself, because it is only democrats who were and continue to be capable of learning from mistakes. A more appropriate question is to ask whether a country like China, which has been so incredibly successful economically, is actually inefficient in light of its environmental destruction and its corruption. In China's perception, however, the democratic model is doubtlessly inferior.

The shadow of an exit of Greece from the euro zone takes on ever clearer shape, repeated apparently final attempts to reach a deal are starting to make the whole process look ridiculous. There is an ever greater number of people who feel as if the Greek government is giving them the run-around.

The truth is that we have long had a multi-track Europe with very different objectives. The traditional differences between the north and the south in fiscal and economic policy are far less problematic than those that exist between Eastern and Western Europe. In the south and east, China is steadily gaining more influence, such that a few EU member states no longer dare to make decisions that run counter to Chinese interests. You see it everywhere: China is the only country in the world that has a real geopolitical strategy.

What we have at present is a system of loss socialism. Whatever goes wrong is shouldered by the general public and anything that works is privatised. Worshippers of market freedom have suspended the most important economic principle: Risk and liability go hand in hand.