Germany’s Schaeuble: New aid programmes for Euro countries should be without IMF - LiveSquawk

Germany's finance minister Wolfgang Schaeuble is on the wires now, via LiveSquawk, saying that IMF shouldn't be involved in possible new aid programmes for Euro countries.

Key quotes (via LiveSquawk):

  • Development of ESM into a European Monetary Fund is possible in the short term
  • When ECB started its loose monetary policy I was skeptical that this would increase Germany's trade surplus