At 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 SchaubleI don't want to interpret the pope's words, especially as I am one of those horrible people who fell away from the Roman church after Martin Luther.
Wolfgang SchaubleThe Pope was more critical of Christianity than Islam during his visit (to Bavaria). He said on several occasions that the secular world influenced by Christianity must face the idea that it may not be as attractive as it once was. The leaders of other faiths might also be well-advised to admonish their own now and then and not always direct their criticism at others.
Wolfgang SchaubleBritain is economically very closely integrated with its European partner countries. Were these ties to be cut, it would be a huge step backwards for the country and would weaken it considerably. In the era of globalisation, "splendid isolation" is not a smart option.
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 Schauble