Germany’s Schaeuble says weaker euro helps German exporters

  • Lower euro helps the economy
  • Failure of some European countries to implement structural reforms has contributed to current economic weakness
  • Labour market reform is necessary for growth, EU labour markets must be sufficiently flexible
  • Says there is excess liquidity in Europe and further liquidity will lead to market bubbles

German finance minister speaking in Berlin

Europe now has a weaker currency, let the good times roll

;-)

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