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Quote by Wolfgang Schauble

“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.”

Quote by Wolfgang Schauble

Author

Wolfgang Schauble

Wolfgang Schauble, born on September 18, 1942, is a former German Federal Minister of the Interior. He played a significant role in German politics, particularly in the areas of interior and justice. Schauble served as the Federal Minister of the Interior from 1998 to 2013, during which he pushed for various reforms, including adjustments to immigration and refugee policies. more

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“I suggested that countries with tighter finances think about such a [fuel] tax. We don't have the time at the moment for months of discussion.”

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

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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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“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.”

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“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.”

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“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.”

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“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.”

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“The significant collapse of oil prices shows that it was previously way too high.”

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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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