Quote

In China, it was always said that a double-digit rate of growth would be dangerous. Now, the country has a growth rate of 6.9 percent and suddenly that is supposed to be a catastrophe for the global economy.

Wolfgang Schauble

Change background

T
T
T

Change font

TAGS & TOPICS

Wolfgang Schauble
Age: 82
Born: 1942
Born: September 18
Jurist
Lawyer
Politician
Freiburg/Breisgau
Schäuble
Wolfgang
Wolfgang Schaeuble
Wolfgang Schauble
Schauble
Wolfgang
Schaeuble
Wolfgang
Percent
Digit
Growth
Catastrophe
Dangerous
Double
Economy
Global
Country
Suddenly
Always
China
Would
Rate
Supposed

More quotes by Wolfgang Schauble

Image
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 Schauble
Image
Those who constantly qualify everything and have no opinions of their own are ultimately just as incapable of tolerance.
Wolfgang Schauble
Image
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.
Wolfgang Schauble
Image
We will not be able to meet the challenges of integration and the threats posed by international terrorism. If we want to prevent attacks, we'll need more information and better integration.
Wolfgang Schauble
Image
Britain is economically very closely integrated with its European partner countries. Were these ties to be cut, it would be a huge step backwards for the country and would weaken it considerably. In the era of globalisation, splendid isolation is not a smart option.
Wolfgang Schauble
Image
It has been clear for some time now that we have to do more for domestic and external security. I am prepared for that.
Wolfgang Schauble
Image
If there are possibilities for strengthening investments, they will not fail because of us. Emmanuel Macron is right when he says that we need to do more and talk less.
Wolfgang Schauble
Image
I think we will have to spend more on defense, for infrastructure, for extension of the broadband network and also for domestic security.
Wolfgang Schauble
Image
I 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
Image
I would caution against fueling cheap populism. First of all, every German who has spent a vacation in Greece knows that the standard of living there isn't higher than it is in Germany. Second, Greece is paying a high price for European assistance.
Wolfgang Schauble
Image
By preventing new conflicts, we avert the causes of radicalization and the risk of terrorist attacks in Europe, including in Germany.
Wolfgang Schauble
Image
It's understandable that Europe's Muslims are in a difficult situation, which is partly their own doing and partly not.
Wolfgang Schauble
Image
As a wheelchair user, you cant move about freely. Thats the only thing that bothers me a little. When Im in the Euro Group in Brussels, colleagues who want to talk to me have to come to me. But I hope they know that this has nothing to do with arrogance.
Wolfgang Schauble
Image
As for the role of France and Germany: French politics is often more self-confident then German politics due to the catastrophe in the first half of the last century. If Berlin and Paris don't agree, then it is difficult to make progress in Europe.
Wolfgang Schauble
Image
Many things can happen very quickly in times of crisis.
Wolfgang Schauble
Image
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.
Wolfgang Schauble
Image
If the conflict in Lebanon continues, the risk of attacks will grow. This is why we must contribute to a joint (international) responsibility and help secure peace in Lebanon.
Wolfgang Schauble
Image
Our balanced budget has an important psychological function. It is a signal that we can't continue to constantly take on debt.
Wolfgang Schauble
Image
We in Europe need to discuss how we can improve the community. That is the correct order.
Wolfgang Schauble
Image
We 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 Schauble