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28/09/2016

Schäuble wants to increase cooperation among member states following Brexit

Euro & Finance

Schäuble wants to increase cooperation among member states following Brexit

Wolfgang Schäuble

[European Parliament]

German Finance Minister Wolfgang Schäuble wants to deepen cooperation between the 27 remaining European Union countries after Britain quits with measures that include a joint asylum policy, Der Spiegel reported on Friday (1 July).

Without citing its sources, the German weekly said Schäuble wanted to put the finishing touches to the European Single Market and the unhindered movement of capital across borders.

Schäuble also wants to have an EU-wide standard insolvency law for companies, get countries to agree on how they can achieve better growth rates, and ensure that the bloc’s external borders are better protected, the magazine said.

Protecting Europe's family ties in trying times

In 1946, it was British Conservative Winston Churchill who famously called for the creation of a European family and the establishment of a United States of Europe. So perhaps it is fitting that another Tory may preside over the family’s dissolution, writes Anthony Silberfeld.

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If not all of the 27 countries that will remain after Brexit agree on these initiatives, Schäuble wants the countries that are prepared to commit to them to join forces but he is against any steps towards further integration of the eurozone at the moment, the magazine said.

A survey conducted by TNS Forschung for Der Spiegel found a majority of Germans against a beefed-up EU, with 64 percent wanting more tasks to be in the remit of nation states compared with 27 percent who want Brussels to take on more tasks.

Moisés Naím: 'More Europe' needed to strengthen EU

“Europe has been losing its clout and its voice has diminished,” Moisés Naím told EurActiv Spain in an interview, as well as highlighting his desire for “more Europe” so that “the predominant voices are not those of autocracies and dictatorships like Russia or China”.

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The poll of 1,014 people conducted on June 28-29 found that German support for the EU had increased since Britons voted last week by a margin of 52 to 48% to quit the bloc.

While 87% percent want Germany to remain in the EU, 10% want their country to quit, it found. That compared with 83% and 13% respectively at the start of June.

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