The euro crisis: Stick with the Germans? | The Economist
▻http://www.economist.com/blogs/freeexchange/2013/04/euro-crisis-2?fsrc=scn/fb/wl/bl/stickwiththegermans
MOST of Germany’s political leadership continues to state unwavering support for euro zone. And perhaps if push came to shove and an economy truly were on the brink of exit, the German government would accept quite significant sacrifices to forestall that possibility. One wonders, though. For now, many prominent Germans seem to believe that discomfort should be shunted onto the periphery to the greatest extent possible. Today Wolfgang Schaeuble, Germany’s finance minister, had this to say:
“There is much money in the market, in my view too much money,” Schaeuble said in an interview for the German economic weekly Wirtschaftswoche released on Friday.
#europe #crise #allemagne #euro
“If the ECB tries to use what leeway it has to reduce this great liquidity a little I would welcome that,” he said, adding that the ECB had done well to bring inflation below 2 percent.