German Finance Minister Schaeuble at cep event in Berlin

Schaeuble’s appearance at the cep jubilee event on Wednesday evening is a central topic in the media

Schaeuble warned in his speech at the event in Berlin marking the 10th anniversary of the cep that the flow of refugees into Germany and Europe could turn into an “avalanche” if not managed properly. “Avalanches can be triggered when some slightly careless skier goes to the slope and moves a little bit of snow,” the minister said. It was impossible to tell at this point whether the avalanche had reached the valley floor or was still in the top third of the slope, Schaeuble remarked.