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 SchaubleGreece's debts are all denominated in euros, but it isn't clear who holds how much of those debts. For that reason, the consequences of a national bankruptcy would be incalculable. Greece is just as systemically important as a major bank.
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 Schauble