The United States lived on borrowed money for too long, inflating its financial sector unnecessarily and neglecting its small and mid-sized industrial companies.
Wolfgang SchaubleEmmanuel Macron wants a stronger Europe, just as the chancellor and I do. I was impressed that the new president climbed onto the stage in front of the Louvre to the sound of the European anthem after his election victory. That was a very powerful symbol. It is very clear: Macron is our ally.
Wolfgang SchaubleAt the moment we are facing a whole collection of difficult to forecast developments from the situation in China and the oil-price crash to the worrying news from some banks in Europe and the US. All of that is linked: Worldwide company debt is high and there is a lot of money in circulation. That is why necessary structural reforms are not being made.
Wolfgang SchaubleEmmanuel Macron wants to see changes in France and we support him in that. Macron has proven his courage by leading an election campaign friendly to Europe and reform against the majority opinion of the Socialist Party.
Wolfgang Schauble