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.
Wolfgang SchaubleOur balanced budget has an important psychological function. It is a signal that we can't continue to constantly take on debt.
Wolfgang SchaubleWe in Europe need to discuss how we can improve the community. That is the correct order.
Wolfgang SchaubleI 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.
Wolfgang Schauble