Schäuble calls for reducing excessive liquidity in financial markets

FXStreet (Łódź) - Speaking at the Eurogroup meeting in Luxembourg on Friday German Finance Minister Wolfgang Schäuble suggested that there was too much liquidity in financial markets, not too little, rejecting this way the International Monetary Fund's calls for implementing QE.

"There is no need for a discussion about further ECB measures to accelerate inflation," Schäuble stressed. He insisted on focusing rather on actions to reduce debt and reforms to boost growth in the Eurozone.

Furthermore, the German Finance Minister expressed his concern about the quickly growing property prices in Berlin and other cities. "There is little Germany can to prevent the property bubble," he stressed.

On the possible candidate for the next president of the EU Commission, Schäuble only signaled that "It will be a man."