After the leader of the German opposition Social Democratic Party (SPD) Sigmar Gabriel and the leader of the SPD in the German parliament, Frank-Walter Steinmeier, now a third high-ranking SPD politician, ex-finance minister Peer Steinbrück, has spoken out in favour of debt consolidation in the Eurozone. But a major reform of Europe would overtax the monetary union at this point in time, warns the left-liberal daily the Süddeutsche Zeitung, calling for more patience: "Beyond Germany's borders there is no other European state or people where a large majority would be prepared to pass from being a union of sovereign states to being a European confederation. ... A hectic reform would just be half measures again. This would only increase the distrust, particularly if Germany is the one calling for the reform. Therefore it is imperative to decelerate the debate: above all those states that are sceptical about reform must first say what Europe wants to be in future and what it should be capable of. This central question regarding the European Union's identity cannot be answered in the panic of the crisis - it would inevitably lead to disaster. Those who want to help Europe should stop fantasising about sweeping solutions." (20/08/2012)
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