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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.
~ Wolfgang Schauble
Bank
Bankruptcy
Clear
Consequences
Debts
Greece
Holds
How
How Much
Important
Just
Major
Much
National
Reason
Those
Who
Would
Would-Be
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I think there will be no government bankruptcy in Greece.
~ Wolfgang Schauble
Bankruptcy
Government
Greece
I Think
Think
Will
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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
Against
Assistance
Caution
Cheap
European
Every
First
First Of All
German
Germany
Greece
High
High Price
Higher
Knows
Living
Paying
Price
Second
Spent
Standard
Than
Vacation
Who
Would
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I would wish for more British involvement in Europe, not less.
~ Wolfgang Schauble
British
Europe
Involvement
Less
More
Wish
Would
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I've been a politician long enough to know that every year will find us living in a situation that one couldn't have imagined a year previously. Sometimes it's better than we imagined, sometimes it's not as good.
~ Wolfgang Schauble
Been
Better
Enough
Every
Find
Good
Imagined
Know
Living
Long
Politician
Situation
Sometimes
Than
Us
Will
Year
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If we were to have a presidential election in Europe it would be an event that would spark a huge interest in people from Lisbon to Helsinki, just like national elections. And it would create a completely different political setting in Europe.
~ Wolfgang Schauble
Create
Different
Election
Elections
Europe
Event
Huge
Interest
Just
Like
National
People
Political
Presidential
Presidential Election
Setting
Spark
Were
Would
Would-Be
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If you are prepared to run for public office, you also have to be willing to accept a debate about you.
~ Wolfgang Schauble
About
Accept
Also
Debate
Office
Prepared
Public
Public Office
Run
Willing
You
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In the long term, Germany didn't need a finance minister who was absent during important negotiations in the European Council. But the chancellor strongly encouraged me to stay. And everything did work out for the best in the end.
~ Wolfgang Schauble
Absent
Best
Council
Did
Encouraged
End
European
Everything
Finance
Germany
Important
In The End
Long
Long-Term
Me
Minister
Need
Negotiations
Out
Stay
Strongly
Term
Who
Work
Work Out
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It is true that no member state can be required to make payments to others. But if countries want to offer voluntary assistance, as in the Greek case, this isn't only allowed, but it's also in Germany's interest. We all benefit by ensuring the stability of the euro zone.
~ Wolfgang Schauble
Allowed
Also
Assistance
Benefit
Case
Countries
Ensuring
Euro
Germany
Greek
Interest
Make
Member
Offer
Only
Others
Payments
Required
Stability
State
True
Voluntary
Want
Zone
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Mr. Geithner is an excellent minister. We have a good personal relationship.
~ Wolfgang Schauble
Excellent
Good
Minister
Mr
Personal
Personal Relationship
Relationship
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My private financial situation is such that I don't need to worry about my investments. I don't have much to invest.
~ Wolfgang Schauble
About
Financial
Invest
Investments
Much
Need
Private
Situation
Worry
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Politics means competition, especially in senior positions. If you don't know that, you're not especially suited to politics.
~ Wolfgang Schauble
Competition
Know
Means
Politics
Positions
Senior
Suited
You
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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
American
Companies
Competitiveness
Crisis
Currency
Deep
Export
German
Growth
Hand
Increased
Manipulation
Model
Other
Result
Some
Sort
Successes
design
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The presidency of the Euro group is an interesting and important task.
~ Wolfgang Schauble
Euro
Group
Important
Interesting
Presidency
Task
design
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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
Borrowed
Companies
Financial
Industrial
Lived
Long
Money
Neglecting
Sector
Small
States
Too
United
United States
Unnecessarily
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There are several silver linings on the horizon. The current account deficits in Spain and Portugal are declining because they have become more competitive and they're exporting more.
~ Wolfgang Schauble
Account
Because
Become
Competitive
Current
Declining
Deficits
Horizon
More
Portugal
Several
Silver
Spain
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This much is true: When we created the euro, it wasn't possible to create a political union along with it. People weren't ready for that. But since then, they've grown more willing to go in that direction. It's a process, one that is sometimes laborious and sometimes slow. But it's important to keep the populations involved.
~ Wolfgang Schauble
Along
Create
Created
Direction
Euro
Go
Grown
Important
Involved
Keep
Laborious
More
Much
People
Political
Possible
Process
Ready
Since
Slow
Sometimes
Then
True
Union
Were
Willing
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We cannot allow the bankruptcy of a euro member state like Greece to turn into a second Lehman Brothers.
~ Wolfgang Schauble
Allow
Bankruptcy
Brothers
Cannot
Euro
Greece
Like
Member
Second
State
Turn
We Cannot
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A photocopier is a camera in its own right. I was fortunate to grow up in the time and culture that I did. I was allowed to develop an awareness that the art that really moves me is actually based on an original image.
~ Wolfgang Tillmans
Actually
Allowed
Art
Awareness
Based
Camera
Culture
Develop
Did
Fortunate
Grow
Grow Up
Image
Me
Moves
Original
Own
Really
Right
Time
Up
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Books have this function that help me to understand the work I've done, to wrap it up.
~ Wolfgang Tillmans
Books
Done
Function
Help
Me
Understand
Up
Work
Wrap
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