“We Cannot Afford another Draghi”: Germany Attacks ECB


Raging Bull-shit

Negative interest rates, helicopter money trigger Clash of Titans.

Relations between the government of Europe’s biggest economy, Germany, and Europe’s most powerful financial institution, the European Central Bank, have soured to the point of curdling.

The latest volley of barbed remarks came from Germany’s dour Finance Minister Wolfgang Schäuble, who has never been one to mince his words. Speaking at an awards ceremony outside Frankfurt on April 8, he told the audience that the stellar rise of right-wing populist Alternative für Deutschland party was due in large part to the ECB’s loose monetary policy.

“I told Mario Draghi … you can be very proud,” according to a report by a Dow Jones journalist who was present.

Schäuble’s off-the-cuff remarks set in motion a flurry of caustic statements from other conservative German politicians, with the lion’s share of the ire reserved for the ECB’s negative interest rate policy.

“Mario Draghi’s policies…

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curi56

Fighting for justice means fighting for justice for all of us and not playing around with the colour of skin. Focus on justice. i am a scientist for educ./psychoanalysis/art - and frankly speaking a savant - discovered that I can do more with blogs & social networks for humans in shadow, children in shadow, animals in need et al - I have some more blogs, please, visit them p.e.: www.childreninprison.wordpress.com www.schweingehabt.wordpress.com colouredjustice.wordpress.com Curi56blog et al. I am glad to meet YOU here: Annamaria thank you Annamaria

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