We cannot allow the bankruptcy of a euro member state like Greece to turn into a second Lehman Brothers.
Wolfgang Schauble Quotes
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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.
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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.
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Germany has always stood for an E.U. of the 27 countries. But in light of Britain’s continued resistance to further integration steps, as we saw with the fiscal pact, there are limits to my optimism in this regard. It’s quite possible that we will have to create the new institutions for the euro zone first.
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Today's Anniversary - 22nd December
Births
- 1949 - Maurice Gibb
- 1948 - Martin Yan
- 1889 - B. Carroll Reece
- 1823 - Thomas Wentworth Higginson
- 1831 - Mark Rutherford
Deaths
- 2001 - Lance Loud
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- 1906 - Robert Rainy
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- 1987 - Sir Henry Thomas Cotton
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