Germany's finance minister Wolfgang Schaeuble is crossing the wires, via Reuters, stating that the ultra-loose monetary policy could raise risk of a new financial crisis rather than reduce it.
Key quotes (via Reuters):
- Would not be a bad idea if ECB and other central banks began to follow the Fed example of a change in mon. policy direction
- German trade surplus is result of German products' quality, not FX manipulation
- German current account surplus with U.S. is shrinking and will shrink further