This site uses cookies. By accepting cookies you can optimise your browsing experience. Read more.
Germany: 'It's the implementation, stupid' - Schauble on monetary union regulations01:00

Germany: 'It's the implementation, stupid' - Schauble on monetary union regulations

Germany, Berlin
June 9, 2015 at 09:29 GMT +00:00 · Published

Without the implementation of the regulations, the monetary union in Europe cannot work, German Minister of Finance Wolfgang Schauble warned as he spoke to the Economic Council meeting of the Christian Democratic Union at the Wirtschaftstag 2015 event in Berlin, Tuesday.

Schauble explained that having a monetary union without a political union is only possible when you make regulations. To stress the importance of following those regulations, he referenced former American President Bill Clinton's election campaign where he famously said 'it's the economy, stupid.' Schauble added he thinks a better formulation would be: "it's the implementation, stupid." The German finance minister added that he thinks "everything else is completely clear; we need to do what we agreed. But that is the difficult part," in reference to the current economic situation in Europe.

Germany: 'It's the implementation, stupid' - Schauble on monetary union regulations01:00
No Account? Sign up!
Description

Without the implementation of the regulations, the monetary union in Europe cannot work, German Minister of Finance Wolfgang Schauble warned as he spoke to the Economic Council meeting of the Christian Democratic Union at the Wirtschaftstag 2015 event in Berlin, Tuesday.

Schauble explained that having a monetary union without a political union is only possible when you make regulations. To stress the importance of following those regulations, he referenced former American President Bill Clinton's election campaign where he famously said 'it's the economy, stupid.' Schauble added he thinks a better formulation would be: "it's the implementation, stupid." The German finance minister added that he thinks "everything else is completely clear; we need to do what we agreed. But that is the difficult part," in reference to the current economic situation in Europe.

Top downloads in last 24 hours
04:17
Yuyuan Garden illuminated as Lantern Festival kicks off in Shanghai despite pandemicYuyuan Garden illuminated as Lantern Festival kicks off in Shanghai despite pandemic
February 27, 2021 at 14:20 GMT +00:00
02:29
Iraq: Protests continue in Nasiriyah day after Dhi Qar governor resignsIraq: Protests continue in Nasiriyah day after Dhi Qar governor resigns
February 27, 2021 at 20:02 GMT +00:00
Pool for subscribers only
00:55
Antarctica: Gigantic iceberg separates from Brunt Ice ShelfAntarctica: Gigantic iceberg separates from Brunt Ice Shelf
February 28, 2021 at 06:10 GMT +00:00
01:54
Iran: 'Snow Moon' lights up skies over TehranIran: 'Snow Moon' lights up skies over Tehran
February 27, 2021 at 23:43 GMT +00:00
02:26
Serbia: World's longest sausage coil presented in Turija in annual traditionSerbia: World's longest sausage coil presented in Turija in annual tradition
February 27, 2021 at 19:29 GMT +00:00
02:32
France: 'Yellow Vest' protesters march through Paris against Macron policiesFrance: 'Yellow Vest' protesters march through Paris against Macron policies
February 28, 2021 at 00:18 GMT +00:00
02:15
Denmark: Hundreds of anti-lockdown protesters march through CopenhagenDenmark: Hundreds of anti-lockdown protesters march through Copenhagen
February 28, 2021 at 01:10 GMT +00:00
02:59
Argentina: Demonstrators protest in Buenos Aires over 'VIP vaccine' scandalArgentina: Demonstrators protest in Buenos Aires over 'VIP vaccine' scandal
February 28, 2021 at 02:49 GMT +00:00
02:06
Tunisia: Ennahda Movement supporters rally in Tunis amid rising political tensionTunisia: Ennahda Movement supporters rally in Tunis amid rising political tension
February 27, 2021 at 16:25 GMT +00:00
02:36
Yemen: Thousands protest blockade and closure of Sana’a airportYemen: Thousands protest blockade and closure of Sana’a airport
February 26, 2021 at 20:24 GMT +00:00
03:00
Spain: Several arrested at Barcelona rally over jailed rapper Pablo HaselSpain: Several arrested at Barcelona rally over jailed rapper Pablo Hasel
February 27, 2021 at 22:41 GMT +00:00
Pool for subscribers only
00:49
Kazakhstan: Russia’s weather satellite launches from Baikonur CosmodromeKazakhstan: Russia’s weather satellite launches from Baikonur Cosmodrome
February 28, 2021 at 08:03 GMT +00:00
02:06
Chile: Police use water cannon and tear gas against protesters in SantiagoChile: Police use water cannon and tear gas against protesters in Santiago
February 27, 2021 at 14:47 GMT +00:00
01:49
Armenia: Opposition accuse authorities of 'provocation attempts' during Yerevan rallyArmenia: Opposition accuse authorities of 'provocation attempts' during Yerevan rally
February 27, 2021 at 19:23 GMT +00:00
02:30
Myanmar: At least 4 reported dead as police crack down on anti-coup protestersMyanmar: At least 4 reported dead as police crack down on anti-coup protesters
February 28, 2021 at 09:07 GMT +00:00
02:37
Germany: Dusseldorf imposes loitering ban on Rhine promenade amid pandemicGermany: Dusseldorf imposes loitering ban on Rhine promenade amid pandemic
February 27, 2021 at 20:14 GMT +00:00
04:22
Peru: Relatives of COVID patients queue for hours outside medical oxygen plantPeru: Relatives of COVID patients queue for hours outside medical oxygen plant
February 28, 2021 at 05:15 GMT +00:00
View all videos