Peter Bofinger

“It is true that a population which is growing older needs to save, but the question is in what form the savings are made.”

“One needs a comprehensive concept that decides just how much debt states like Greece, Ireland, Portugal, Spain and Italy can sustainably bear.”

“Germany would be the biggest loser in a euro breakup.”

“Germany is not like Ireland or Denmark. It is a country where the domestic market counts much more than the external market.”

“The uncontrolled increase of the euro rate vis-a-vis the dollar threatens employment growth in the euro area.”

“I don't expect to get a standing ovation from businessmen when I call for higher wages.”