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 SchaubleIf 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.
Wolfgang SchaubleI suggested that countries with tighter finances think about such a [fuel] tax. We don't have the time at the moment for months of discussion.
Wolfgang Schauble