Germany's Schaeuble Urges Post-Brexit Push to Curb Brussels

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Defense cooperation, possibly including a joint project fund led by Germany and France, and a European push to promote digital companies to counter "the American monopolies" are ways in which the EU could show its usefulness amid growing skepticism across Europe, Schaeuble said in an interview on ARD television. Progress shouldn't be determined by "the slowest" of the 27 EU nations besides the U.K., he said.

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In his newspaper interview, Schaeuble expressed frustration that EU officials in Brussels took too long to respond to the refugee crisis last year. Many people's dissatisfaction with the EU is because rules weren't respected, including by the European Commission in its response to the sovereign-debt crisis, he was quoted as saying.