Germany's Schaeuble says he would prefer to start ending unusually expansive QE as soon as possible

German finance minister out on Reuters 21 Nov

No great surprises in that statement. Germany has long been against accommodative mon pol.

• we have to act with extreme caution when exiting the unusually expansive mon pol


• believes European Commission"s call for loosening of budget discipline is the wrong path


• expects banking sector to have similar job cuts as at VW


• Greece"s problem is not its debt but competitiveness

Meanwhile EURUSD 1.0623 hanging in there but with EURGBP and EURJPY dropping another 20 pips since my last post on the pairs.

Germany"s Schaeuble says he would prefer to start ending unusually expansive QE as soon as possible
Germany"s Schaeuble says he would prefer to start ending unusually expansive QE as soon as possible
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