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
Opinion | What is a Security Token Offering (STO) and Why You Need an AdvisorBrian Evans - Oct 08, 2018
About the Author: Jaron Lukasiewicz is the CEO and founder of Influential Capital. Jaron has been an executive in the industry since 2012, previously serving as CEO of Coinsetter, one…
World Economic Forum: Blockchains improve Global EconomyBrian Evans - Oct 08, 2018
Beginning as a technology for financial ledgers only, blockchains have grown to become the corporate hype word around the globe. It’s touted as the invention that will…
‘Rehypothecation’: More about the Wall Street Practice that Could Ruin BitcoinBrian Evans - Oct 08, 2018
Note: This is part 4 in a multi-part article series exploring rehypothecation and commingling in bitcoin and other cryptocurrency markets. Part 1 and part 2 are interviews…