German Finance Minister Wolfgang Schaeuble on focusing on stability policies, "Anything else would lead to a crisis of confidence ... That's the last thing we need in Europe in the current situation." The minister added, "It's no good to hold the central bank responsible for growth and jobs - it's doing what it can but it has basically exhausted its tools, as you can see from current developments ... Cheap money can't force growth either - otherwise we'd have no problems now."
-from BNY-Mellon research
This is one of the key financial issues with the EU. German finance is still focusing on getting the fiscal house in order and expressing the point that monetary policy cannot do the job. Structural reform is the talk in EU, but it is not clear how it will be implemented. There are not consistent policies that can push growth higher.
-from BNY-Mellon research
This is one of the key financial issues with the EU. German finance is still focusing on getting the fiscal house in order and expressing the point that monetary policy cannot do the job. Structural reform is the talk in EU, but it is not clear how it will be implemented. There are not consistent policies that can push growth higher.
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