German Minister of Finance Schaeuble says EUR too low for Germany

Plays the deep (& ingenuous) game does Wolfgang Schaeuble, German Finance Minister

• "The euro exchange rate is, strictly speaking, too low for the German economy"s competitive position"


• "When ECB chief Mario Draghi embarked on the expansive monetary policy, I told him he would drive up Germany"s export surplus"

Schaeuble speaking in a newspaper interview, more

Countries winning with a trade surpluses are a new global political target, success on this metric is attributed by the losers to currency manipulation. Schaeuble trying to dodge criticism of Germany"s huge trade surplus ... ain"t my fault! 

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German Minister of Finance Schaeuble says EUR too low for Germany
German Minister of Finance Schaeuble says EUR too low for Germany
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