The German export successes are not the result of some sort of currency manipulation, but of the increased competitiveness of companies. The American growth model, on the other hand, is in a deep crisis.

If we want to make Europe stronger, then each country first has to ensure that it becomes stronger itself. This applies to Italy and France, and it applies to Germany as well. Subsequently, we in Europe need to discuss how we can improve the community. That is the correct order.

We are facing a whole collection of crisis-like developments that we have to watch closely. But we also have to be careful what we point to as crisis indicators.

Emmanuel 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.

Emmanuel 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.

In China, it was always said that a double-digit rate of growth would be dangerous. Now, the country has a growth rate of 6.9 percent and suddenly that is supposed to be a catastrophe for the global economy.

Politics means competition, especially in senior positions. If you don't know that, you're not especially suited to politics.