The significant collapse of oil prices shows that it was previously way too high.

We know that the abilities of European Union member states are not infinite. As such, it makes little sense for us to criticize each other.All of us accepted Sweden's decision to introduce border controls too. And that is a country that was for decades the most open to immigration.

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 the Schengen system (of border-free travel) is destroyed, Europe will be seriously endangered politically and economically. That is why we Europeans have to invest billions in Turkey, Libya, Jordan and other countries in the region as quickly as possible everybody as much as they can.

You cannot form a community of countries of different strength without a certain amount of equilibrium. That is reflected in, for example, the EU budget and the bailout programs. That is why there are net payers and net recipients in Europe. A community cannot exist if the stronger do not take responsibility for the weaker.

I don't know how many resolutions from the IMF or G-20 we have already written saying that such [financial] reforms are necessary for new growth.

We in Europe need to discuss how we can improve the community. That is the correct order.