ECB does an excellent job says Schaeuble

  • Expansionary monetary policy stance seems appropriate for low inflation (Has this German been kidnapped and replaced with an alien look-a-like?)
  • Monetary policy cannot solve the underlying problems of the debt crisis (ah, there we go, back to a normal)
  • Says we shouldn’t leave rates low longer than necessary
  • Patience is needed for a EU-US trade accord

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