58678
Merkel Says Germany Doesn't Influence Euro
Merkel Says Germany Doesn't Influence Euro

Merkel Says Germany Doesn't Influence Euro

Merkel Says Germany Doesn't Influence Euro

Chancellor Angela Merkel on Tuesday rejected a US trade adviser's charge that Germany was using an "undervalued" euro to gain advantage, saying her government had always called on the European Central Bank to pursue an independent policy.
"Germany is a country that has always called for the European Central Bank to pursue an independent policy, just as the Bundesbank did before the euro existed," Merkel told a news conference with Swedish Prime Minister Stefan Lofven, Reuters reported. "Because of that we will not influence the behavior of the ECB. And as a result, I cannot and do not want to change the situation as it is," she added.
Peter Navarro, the head of Trump's new National Trade Council, told the Financial Times newspaper that the euro was like an "implicit Deutsche mark" whose low valuation gave Germany a competitive advantage over its main partners.

Short URL : https://goo.gl/zo2q8h
  1. https://goo.gl/uJj7pa
  • https://goo.gl/EtlG7s
  • https://goo.gl/9EADhp
  • https://goo.gl/f5XGwx
  • https://goo.gl/IiICAs

You can also read ...

Najib Says Malaysia Reserves at $100 Billion
Malaysia’s international reserves, which amount to more than $...
For the full year 2017, GDP growth may be slightly higher than the 1.4% estimated in the previous bulletin, the Bank of Italy said.
Fitch Ratings has affirmed Italy's sovereign rating at 'BBB'...
Japan Faces Huge Challenges
Is Japan’s problem-plagued economy finally turning a corner?...
Pakistan Economy Teetering as Pleas for Remedy Mount
Pakistan is showing clear signs of economic meltdown amid...
If NAFTA is scrapped, some economists predict that the big automakers would just shift production altogether to Europe or Asia.
America’s federal government finished fiscal 2017 with a...
GE is maker of power plants, jet engines, medical devices and other  industrial equipment.
General Electric Co’s new chief executive vowed to shed more...
Chinese stocks have steadily moved upward since June.
Investor confidence in China’s securities market remains...
Fed Chair Race Heats Up
President Donald Trump said he’s considering Stanford...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus