The German magazine Focus carries a report in Monday's edition that German Finance Minister Wolfgang Schauble told conservative members of parliament on Friday to prepare for an imminent Greek bankruptcy and euro exit.
A crack has emerged in the German fiscal armour as Wolfgang Schäuble says Berlin is willing to negotiate on euro bonds. Just one day earlier Angela Merkel decisively ruled out euro bonds for "as long as I live."
European Union member states should hand over more political power to the EU says German Finance Minister Wolfgang Schäuble. As Germany already acts as the dominant power in the EU, Schäuble's call would increase his nation's power.
Eurozone finance ministers meet in Brussels on Monday to discuss the bail out loan to Greece. Reports indicate that Germany may have bowed to global pressure, as Wolfgang Schäuble said the second aid package may be approved.
The German Finance Minister Wolfgang Schäuble supports greater fiscal unity between European nations, which inevitably leads to loss of individual nations' sovereignty. Yet he denies that Germany has any desire to rule Europe.