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

Buy Bitcoins in Europe With Bitmoney.eu
bitmoney.eu
shares301 views
bitmoney.eu
shares301 views

Buy Bitcoins in Europe With Bitmoney.eu

Brian Evans - Aug 10, 2017

Want to purchase bitcoins? Look no further! Buying bitcoins has never been easier, with Bitmoney.eu. Bitmoney.eu makes the process of buying Bitcoin easy and efficient, saving customers…

Goldman Sachs: ‘Real Dollars Are at Work’ in Cryptocurrency Markets
Bitcoin
shares379 views1
Bitcoin
shares379 views1

Goldman Sachs: ‘Real Dollars Are at Work’ in Cryptocurrency Markets

Brian Evans - Aug 10, 2017

Goldman Sachs has published a question-and-answer report focused on cryptocurrencies in which it suggests that clients should be keeping a closer eye on the market. According to…

Bitcoin’s Present Bubble Might Actually be the Beginning of Mainstream Adoption
Bitcoin
shares378 views
Bitcoin
shares378 views

Bitcoin’s Present Bubble Might Actually be the Beginning of Mainstream Adoption

Brian Evans - Aug 09, 2017

Bitcoin’s enthusiasts are torn between whether to celebrate Bitcoin’s arrival in the foothills of mass adoption, or to lament the upcoming burst that always happens with asset…

Most from this category

%d bloggers like this: