If we do not resolve the euro crisis, we will all pay the price. And if we do resolve it, we will all benefit, particularly German taxpayers and savers.
In 50 years, no one will care about the fiscal cliff or the Euro crisis. They'll just ask, "So the Arctic melted, and then what did you do?"
Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.
There is no better protection against the euro crisis than successful structural reforms in southern Europe.
Governments must commit to sound economic and financial policies. This is how we ensure reform in the euro area - and our independence.
Tunisia is extremely dependent on economic conditions in Europe, which is why it also experienced shockwaves from the euro crisis.
Germany has acted effectively during the euro crisis. It needs to build on this to engage in other spheres too.
When the next big problem comes online, be it the Euro crisis, nuclear proliferation, an overstretched Internet, a killer flu, or any of the other possibilities I consider in X-Events, we will suffer a complexity overload.
