German fin min: "When one speculates against the euro, it's totally unreasonable"

Comments from Scholz to Reuters

• I'm firmly convinced the majority of Italians are very pro-European

• The EU is stable, the eurozone too

• Europe is better prepared for difficult conditions than previously

• We are trying to convince everybody to renounce protectionist tariffs

It seemed pretty reasonable to me to speculate against the euro for the past five weeks -- about 800 pips of reasonable.