‘Months’………………………….tad optimistic there pumpkin
- Economic situation overshadowed by euro crisis
- German economy’s expansion is slowing
- Germany has become more resilient to shocks
- Germany better adjusted to globalization than others
- High US deficit puts pressure on World economy (yer, blame it on the septics!!)
- Source of euro zone crisis is bad policies in member states, this is where the crisis must be solved
- ECB is independent, this must be defended and respected
- Significant rise in German unemployment is unlikely
- Greece has made significant progress in consolidating budget (you big softy)
- Greece program must meet all programm conditions (ok not soooo soft)
- Greece program conditions can’t be renegotiated (you hard arse)
- ‘We’re on the right track’ in the euro region
- Stability and growth pact has ‘more teeth’ now
- Europe has learned from its’ crisis
Schaeuble speaking in German parliament.