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.
Wolfgang SchaubleIt is true that no member state can be required to make payments to others. But if countries want to offer voluntary assistance, as in the Greek case, this isn't only allowed, but it's also in Germany's interest. We all benefit by ensuring the stability of the euro zone.
Wolfgang SchaubleWe 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.
Wolfgang SchaubleFor Martin Schulz, the chancellor candidate for the center-left Social Democrats, friendly wishes don't go far enough. He would like to see much more enthusiastic support for Emmanuel Macron than that shown by Chancellor Angela Merkel, whose comments so far have tended to be reserved. As she put it, she doesn't see a need to change her policies because of Macron.
Wolfgang Schauble