European Parliament President Call for Political Union Now is 'Dramatic Mistake'

Leaders in Germany and elsewhere are making a big mistake by focusing on long-term EU reform when fast decisions are needed, says Martin Schulz, the president of the European Parliament. The German Social Democrat tells SPIEGEL that Europe needs to pool its debt, give the ESM a banking license and help Greece return to growth. 
Interview conducted by Konstantin von Hammerstein and Gordon Repinski. Translated from the German by Ella Ornstein.