In London last week, Mr Schauble said suggestions that Germany's current account surplus needs to fall "did not make any sense".
These steps might be painful in the short term, but Wolfgang Schauble (and George Osborne) would say, there is no alternative.
Look at Germany, Mr Schauble would say: we went through our own period of slow growth and painful reform in the early years of this century.
However German Finance Minister Wolfgang Schauble said he "regretted" the vote and that Cypriots must understand that European Central Bank aid was contingent on a reform programme.
Schauble has pushed back on European lenders having a single regulator knowing full well that it would be a condition for access to allow banks ESM recapitalisation.
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From the German or eurozone point of view that is: Wolfgang Schauble seems to be asking for the worst of all possible worlds over the imposition of the financial transactions tax.
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German Finance Minister Wolfgang Schauble already warned that any decision on Greece has to be ratified by Parliament, while Austrian Finance Minister Maria Fekter indicated that reaching a long-lasting and sustainable solution for Greece is absolutely necessary.
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The German Finance Minister, Schauble, has reiterated his objection to haircuts for the official sector, while some other ECB members suggest that the group should agree to fund Greece for the next two years and then follow up with more official talks in 2015.
My only personal question to the people in the Eurogroup such as Schauble and Dijsselbloem, is how can you sleep at night, after your decisions have destroyed overnight the name and hard work that was built by my parents, their co-workers and so many other Cypriot entrepreneurs.
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German social media broadcasted the political document from the Minister of Finance, Schauble to the Parliament chief, about the plan of shrinking the Cypriot banking system to the national level of Cyprus, which clearly states the removal of foreign deposits, destroying what has been built over so many years.
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