If we want to avoid a clash of cultures - and the jury is still out on whether we can - we'll have to make different cultures and religions compatible with the universal nature of human rights and tolerance. But I can promise you this: Anyone who calls me an infidel at the conference will be in for a fight.

It is clear to us that we will have to become more involved in our neighboring regions so that the migration pressures aren't so high there. Of course the budget negotiations will be difficult, as they always are.

I think we will have to spend more on defense, for infrastructure, for extension of the broadband network and also for domestic security.

If you live beyond your means and have to restructure as a result, you pay a price.

If we want to avoid a clash of cultures - and the jury is still out on whether we can - we'll have to make different cultures and religions compatible with the universal nature of human rights and tolerance. But I can promise you this: Anyone who calls me an infidel at the conference will be in for a fight.

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.

Many things can happen very quickly in times of crisis.