German Finance Minister Wolfgang Schäuble
German Finance Mini ster Wolfgang Schäuble can hinted in an interview criticizing the current price and the easy money policy of ECB President Mario Draghi. The European Central Bank (ECB) is in its decisions independently, the CDU politician of the “Bild” newspaper said. “Cheap money must not reduce the enthusiasm for reform in some countries but. Structural reforms are without any alternative, if it is to be permanently up again. “
Schaeuble warned earlier this month as Bundesbank chief Jens Weidmann before an ultra-loose monetary policy. In the interview with the “Bild” Schäuble now avoided any support for Draghi, but explained why Weidmann, ho wever, had “strong case”.
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The Euro Fed wants in the first quarter and the use of other monetary instruments against the weak growth in Europe the threat of deflation decide. Draghi had made it clear that he wants to go, if necessary, without the consent of Deutsche new steps. This also the massive purchase of government bonds could belong.
Greece should continue to save
From Greece expects Schäuble that the country meets its austerity commitments even in the case of elections, “Every new government has contractual agreements between the predecessor comply.” Elections have not altered the existing debt , Basically, Greece would further support in the way of hard reforms to help themselves. “If Greece will choose a different path, it is difficult,” Schaeuble said.
The Greek Parliament is taking on Monday a third and last attempt to elect a new president. The failure of the election, there will be new elections. Surveys see here the radical Syriza front, which rejects the bailout policy of the EU and IMF. Greece since 2010 with two bailouts totaling 240 billion euros to fight the debt crisis has been kept afloat.
“Do not be afraid”
Under the impact of anti-Islamic “Pegida” demonstrations Schäuble called on the policy to better explain the purpose and benefit of immigration: “Where do we all need to be better, that’s . in explaining the many changes in everyday life and in the world, “Schaeuble said:” Like us after the Second World War, millions of refugees and displaced persons in the construction of our country have benefited and later guest workers, so we need today immigration. But of course, we must live together with immigrants too. This will change our daily lives, but not worsen, but usually improve “The message should read:”.. ‘Fear not’, as it says the angel in the Christmas story “
The Pegida movement organized demonstrations for weeks. Pegida stands for “Patriotic Europeans against the Islamization of the West”. In Dresden, where the anti-Islamic movement was born, there were about 17,500 participants last. But it is forming nationwide, more and more resistance. These people demonstrate in order to set an example of tolerance and open-mindedness.
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