Wolfgang Schauble Quotes

Bilateral trade deficits are not evil; historically, better growth in the U.S. economy has led to larger trade deficits.

Germany and South Korea were able to lower unemployment through success in export industries.

Japan rose from the ashes of World War II as a 'trading state,' the model for export-led growth. It is not clear that the old export model of growth will be sustainable in a more 'balanced' global economy that does not rely so heavily on the U.S. consumer.

It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to be competitive. It is not a viable, feasible strategy, and we will not engage in it.

It's not unreasonable to imagine that, at least as we're in a transition to a world economy, it's still necessary now to pay attention to how our country is doing economically in comparison with other countries.

Trump will fail even in his proclaimed goal of reducing the trade deficit, which is determined by the disparity between domestic savings and investment.

The United States cannot achieve significant economic growth without expanding exports.

In general, global economic growth supports Russian economy.

Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today in movements of reserves among countries.

With a strong domestic economy, low national unemployment at 5 percent, and increasing retail sales, the picture should look rosy. But one look at the trade deficit changes all of that.

But, we have had the debate in our country now for a number of years as to whether or not free trade agreements are good for economic growth and economic opportunity in creating jobs and lifting people out of poverty.

The trade deficit is the capital surplus and don't ever think of having a capital surplus as being a bad thing for our country.

But let no one be under any doubt that the scale of the challenge that Europe faces in this emerging global economy is immense and the practical pace of our collective action to meet these challenge to date has just been too slow.

And one of our points of continuing conversation with our trading partners is the urgency of their taking steps to remove barriers to their improved growth performance.

The global economic outlook remains fragile and uncertain. Global economic imbalances persist and we must address them or risk future instability.

But as you say, the fundamental stumbling block is the question of the future of the economy. And it's not just the sort of economic laboratory question, of what kind of system would best generate growth, which is the way it's presented.

The staff at the Institute will present an analysis on how asset price fluctuations and subsequent structural adjustments influence sustained economic growth, based on Japan's experience since the second half of the 1980s.

Growth is widely thought to be the panacea for all the major economic ills of the modern world.

I am not a politician but I have dedicated the biggest part of my professional life to economic policy both in Greece and Europe.

Italy needed structural reforms to become more competitive.

We need the Chinese to - you know, spend more, save less - consume more and not be so focused on exports. There are big changes we need in the world.

I was quite ready to accept certain restrictions on the United States. After all, there was a great dollar shortage. It was quite clear that the more prosperous Europe became, the more business there would be in the United States.

In order to address world economic imbalances, countries around the world should make joint efforts to adjust their economic structure.

I think that the EU with the Lisbon agenda has put the right emphasis on growth and employment.

Let’s export American products, not American jobs.