A Quote by Peer Steinbruck
If I had political responsibility, I would want to prepare for a plan B that would foresee that the European currency union, that the eurozone, no longer necessarily consists of 17 member states. And that means to make provisions so that other countries are not pulled into the maelstrom through contagion.
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It is obvious that the monetary union among 17 very different European countries does not work. As an economist, I know that the Eurozone is not an optimum currency area, as defined in economic theory.
If there is a Greek exit from the Eurozone, I think the German elite will be quite pleased that they can then use that to restructure the Eurozone and make it a zone where only strong countries are allowed in. There would then be two tiers within the European Union, which is in fact already happening. But you cannot simply get rid of German control by raising the specter of the Third Reich. That's ahistorical.
Why doesn't anyone address the substantive question of why other states blatantly interfere in Israel's internal affairs? Israel does not meddle in the affairs of other states in a similar way, so why do other countries feel entitled to do this to Israel? These actions violate Israeli sovereignty and I expect European Union member states to act differently.
Establishing proper economic governance that allows the Eurozone to undertake the integration it needs whilst protecting the interests of the single market for all 28, the rights of member states who are not in the Euro - including of course the UK - is really important for the future of the European Union.
Brexit wasn't the European people's first cry of revolt. In 2005, France and the Netherlands held referendums about the proposed European Union constitution. In both countries, opposition was massive, and other governments decided on the spot to halt the experiment for fear the contagion might spread.
Britain is not part of the single currency. That is a decision we have taken, a voluntary decision of this country, but as a result are part of a European Union 19 of whose members are rapidly integrating, creating political, fiscal, monetary, economic union to make their currency work. And that is increasingly rubbing up against the operation.
How can we later criticise other countries outside the European Union for adopting such measures to repress opponents when we are tolerating this inside the European Union with European citizens? Like me - I'm a European citizen.
Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Europe's fiscal, banking, and monetary union.
I wanted to start by saying that the eurozone - there are two reasons they formed the European Union. One is for political peace and rationalization. And I think that's a good thing for a continent that went through hundreds of years of wars.
Our interests are indeed common European interests, and the only way to serve them is by common means. That is why all Europeans, and all E.U. member states, have a collective responsibility to strengthen our Union.
Was the Soviet Union reformable? I would say no. They said, 'Okay, the Soviet Union isn't working.' They would say, 'No, it's great. We just need democracy, political pluralism, private property.' And then there was no Soviet Union. The European Union is the same.
By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds in their own currency never default, because they can always print money. Their currency may depreciate, but the risk of default is absent.
By the way, the European Union Member States together - even the euro area Member States together - are by far the biggest contributors to the IMF.
I should also say that apart from the negotiations that are taking place within the WTO, we are ourselves involved in all manner of bilateral negotiations, or, if they are not bilateral, with the South African Customs Union and the European Union. All the member countries of the European Union have now ratified the agreement that we have with the EU and that opens up the EU market in various ways.
The heart of the matter is that the very nature of the European Union, and of this country's relationship with it, has fundamentally changed after the coming into being of the European monetary union and the creation of the eurozone, of which - quite rightly - we are not a part.
I want us to move as quickly as we can towards a free trade deal between the U.K. and the U.S.A. that would be good for both of us. That would also send a signal to the European Union that there's a bigger world outside of the European Union, and Britain can manage just nicely.
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