German finance minister Schaeuble out on Reuters 13 June
- should return to a more normal course
- US Fed has already begun this process
- ECB has weighed some communication that could be seen to point in that direction
- ultra-loose mon pol in many regions has been encouraging undue risk-taking, policy complacency, capital misallocation and asset price bubbles
- we can not move away from the core rules in fin market stability we agreed on
- can not afford to forget lessons of the past
Seems those lessons were never learnt IMHO
EURUSD still under pressure with EURGBP and EURJPY both retreating.
Time to taper says Mr Happy. Again.