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
What Is Binance Coin?Brian Evans - Jan 21, 2018
Whenever cryptocurrency exchanges issue their own coins, some people will be wary. After all, such currencies can only be traded on the main exchange, which makes them…
Cointopia Aims to Become the AngelList for ICO ProjectsBrian Evans - Jan 21, 2018
The initial coin offering industry is still very popular as of right now. It is evident this business model has also created a few more problems in…
New Crypto-Investor Psychology – Where Did These High Caps on High-Supply Coins Come From?Brian Evans - Jan 21, 2018
Advertisement Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month.It was around noon – I was in my favorite bagel store getting my…