German FinMin Schaeuble: EUR is too low for Germany

German Finance Minister Wolfgang Schaeuble said over the weekend, in a newspaper interview for Germany’s Tagesspiegel, that the EUR is too low for Germany.

Schaeuble said: “The euro exchange rate is, strictly speaking, too low for the German economy’s competitive position”, adding that “when ECB chief Mario Draghi embarked on the expansive monetary policy, I told him he would drive up Germany’s export surplus.”

“The ECB must make policy that works for Europe as a whole, it is too loose for Germany” Schaeuble affirmed. 

Lastly, Schaeuble noted that while he promised then that he will not publicly criticise the ECB policy, “I don’t want to be criticised for the consequences of this policy either” Schaeuble said.

You may be interested

shares19 views

Insurance Giant Allianz Is Testing a Token to Move Money Internally

Brian Evans - Apr 19, 2018

Allianz is testing a blockchain token to move money between its global affiliates.

shares32 views

SEC Subpoenas Riot Blockchain Over Cryptocurrency Plans

Brian Evans - Apr 19, 2018

Various worrisome trends involving blockchain technology exist as of right now. One of the more popular solutions for struggling firms is to announce blockchain or cryptocurrency plans.…

Altcoin News
shares21 views

Social Snafu: Twitter Verifies a Scam Verge Cryptocurrency Account

Brian Evans - Apr 19, 2018

The official Verge account, meanwhile, has yet to get its blue badge. A fraudulent Twitter account is making the rounds in the cryptocurrency market, with anonymous cryptocurrency Verge…

Most from this category

%d bloggers like this: