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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 Schauble

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Wolfgang Schauble
Age: 82
Born: 1942
Born: September 18
Jurist
Lawyer
Politician
Freiburg/Breisgau
Schäuble
Wolfgang
Wolfgang Schaeuble
Wolfgang Schauble
Schauble
Wolfgang
Schaeuble
Wolfgang
Unnecessarily
Lived
Sized
Small
Company
Borrowed
United
Sector
Money
Industrial
States
Neglect
Inflating
Long
Companies
Neglecting
Financial

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Politics means competition, especially in senior positions. If you don't know that, you're not especially suited to politics.
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Our balanced budget has an important psychological function. It is a signal that we can't continue to constantly take on debt.
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We were always faced with questions like: What about a religious community like Milli Görüs, which is represented by the Islamic Council? And what about the Central Council of Muslims? But we don't wish to exclude people from the start.
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If you live beyond your means and have to restructure as a result, you pay a price.
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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.
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I don't want to change Islam, but if there is to be a European Islam, it must incorporate European values.
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In the EU, we agree that the pressures causing migration must be reduced.
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I want to see religious instruction and sermons held in German in the mosques. The ideal, in my view, would be for imams to be trained in Germany and to speak our language, just as the Roman Catholic Church now holds mass in German and gave up Latin long ago.
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About three million Muslims live in the country, but we have no relationship to our diverse Muslim society, despite the fact that it's an established part of our larger society. We need to build a stronger foundation for the relationship between Muslims and the state.
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Many things can happen very quickly in times of crisis.
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It has been clear for some time now that we have to do more for domestic and external security. I am prepared for that.
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During the centuries-long process of Reformation and Enlightenment, Christian churches had to accept some things they didn't like. Islam will have to do the same otherwise it isn't part of Europe.
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Europe has grown through crises. Each crisis also presents opportunities, and Europe has emerged stronger from each one. That is the way history unfolds. Europe is sometimes slow, and it reacts sluggishly, but it is capable of finding solutions.
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I'm a firm believer in the monetary union.
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Reliability is the precondition for trust.
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By preventing new conflicts, we avert the causes of radicalization and the risk of terrorist attacks in Europe, including in Germany.
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If 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.
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If you make the state responsible for everything, you shouldn't be surprised when you end up with a state that bears some resemblance to a dictatorship.
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It's understandable that Europe's Muslims are in a difficult situation, which is partly their own doing and partly not.
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Greece'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.
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