Monday 5 December 2016

What's that in Germany?

Published 20/11/2011 | 05:00

"The challenge of our generation is to finish what we started in Europe and that is to bring about, step by step, a political union. Europe is in one of its toughest, perhaps the toughest hour since World War Two."

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Angela Merkel, German Chancellor.

"I don't believe that the euro as currently formulated will exist. We will have a new design for the euro. That's not to say that we want to see an end to our currency -- that would be cataclysmic for the Irish people and Europe as a whole."

Lucinda Creighton, European Affairs Minister.

"(Enda) Kenny is the anti-Papandreou... The Irish aren't throwing incendiary devices. They are quietly taking the pain, practising self-denial and have accepted their fate."

Der Spiegel magazine.

"Now all of a sudden, Europe is speaking German. Not as a language but in its acceptance of the instruments for which Angela Merkel has fought so hard."

Volker Kauder, parliamentary leader of the German chancellor's Christian Democratic Union.

"We could shape a new euro, provisionally call it the Nordeuro, as it should have been, without eurobonds or mutual liability. Denmark, the Czech Republic and Sweden would join immediately and Ireland would, I think, be the first eurozone candidate to ascend into the Nordeuro."

Hans-Olaf Henkel, Former chief lobbyist for German industry and euro proponent, now anti-euro prophet.

"What we could have done to stabilise this situation a few months back, you now have to do even more if you are going to stabilise it today. You have got to say it, mean it and do it. I am not underestimating the difficulties of that or the huge problem Germany has got in giving such a pledge. On the other hand, if the single currency breaks up, that is also a devastating blow for Germany."

David Cameron, UK PM.

"If the whole political establishment is about to disappear into a windowless room in Brussels discussing things that no one understands, it means absolutely nothing to millions of ordinary people who are worried about their jobs, worried about economic security, worried about prospects for their children."

Nick Clegg, Deputy UK PM, on EU debate about the financial crisis.

"In the last three months we have seen extraordinary events. Who knows what's going to happen tomorrow let alone next month?"

Mervyn King, governor of the Bank of England.

Sunday Independent

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