According to the Daily Mail, back in May, Wolfgang Schäuble
said that abandoning the continent’s welfare model in favour of tougher U.S. standards would cause ‘revolution’.
‘We need to be more successful in our fight against youth unemployment, otherwise we will lose the battle for Europe’s unity,’ Schaeuble said.
While Germany insists on the importance of budget consolidation, Schaeuble spoke of the need to preserve Europe’s welfare model.
If U.S. welfare standards were introduced in Europe, ‘we would have revolution, not tomorrow, but on the very same day,’ Schaeuble told a conference in Paris.