Uncategorized ECB policy less favorable for Germany than other euro zone members: Schaeuble

ECB policy less favorable for Germany than other euro zone members: Schaeuble

German Finance Minister Wolfgang Schaeuble.
German Finance Minister Wolfgang Schaeuble.

German Finance Minister Wolfgang Schaeuble on Tuesday criticized the European Central Bank’s (ECB) policy for putting Germany at a disadvantage against other euro zone countries.

“It’s a problem of our common currency union that we have … an independent central bank — which conducts unified monetary policy for 19 member states — that is less favorable for Germany than for other countries,” Schaeuble said at the University of Basel in Switzerland in a lecture he was delivering.

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