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Schaeuble Leaves, But His Ideas Are Here to Stay

Bershidsky, Leonid, (2017), “Schaeuble Leaves, But His Ideas Are Here to Stay”, Bloomberg View, 10 October

Wolfgang Schaeuble was the euro zone’s longest-serving finance minister until the realities of German coalition-building sent him to the parliament speaker’s post last month. His legacy, laid out in a recent interview and a leaked document, should be taken seriously. Even without him, Germany will continue to hold back support for sweeping reforms of the euro area’s fiscal management, but will try to ensure its tougher policing.

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