"Democracy is slow, while the markets are fast. But that doesn't mean that politicians have to capitulate in the face of the markets. For instance, they set the rules through the G-20. Let's put it this way: The political system might be slower, but it has greater leverage. It just has to use it."
"Great Britain is causing the biggest problem. Great Britain is not part of the euro, and yet the British always want to have their say in the design of an economic zone. This is inconsistent. And besides, the British have been very skeptical about every integration step, and that's putting it very diplomatically."
"If you look at the economic data, Germany, as an exporting and industrialized nation, has benefited immensely from the euro. That's just the way it is. We will have to explain to people the benefits we have derived from the euro, economically, socially and politically. We will have to explain that in a common currency zone, you accept a joint responsibility for this currency and relinquish sovereignty rights."
For more: SPIEGEL Interview with Gerhard Schröder: 'Europe Needs to Wake Up' - SPIEGEL ONLINE - News - International
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