If there are possibilities for strengthening investments, they will not fail because of us. Emmanuel Macron is right when he says that we need to do more and talk less.
Wolfgang SchaubleGreece's debts are all denominated in euros, but it isn't clear who holds how much of those debts. For that reason, the consequences of a national bankruptcy would be incalculable. Greece is just as systemically important as a major bank.
Wolfgang SchaubleMy job is not to predict everything that might happen in the future, but to address what we can do today.
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 Schauble