Bloomberg News

Euro Needs Political Union, Schaeuble Tells Die Welt

October 01, 2011

Oct. 1 (Bloomberg) -- Europe must push political integration to end the debt crisis, creating a new form of political “governance” between sovereign states that falls short of setting up a continental “super state,” German Finance Minister Wolfgang Schaeuble said in a guest column in the Welt-am-Sonntag newspaper.

Without such enhanced political coordination Germany will loose influence in Europe, Schaeuble stated.

To contact the editor responsible for this story: Brian Parkin at bparkin@bloomberg.net


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