German Finance Minister Wolfgang Schaeuble: low interest rate in the Eurozone is causing “huge problems” for Germany

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27 March 2015

German Finance Minister Wolfgang Schaeuble: low interest rate in the Eurozone is causing “huge problems” for Germany

German Finance Minister Wolfgang Schaeuble said on Thursday that low interest rate in the Eurozone is causing "huge problems" for Germany. He noted that the current monetary policy by the European Central Bank (ECB) could lead to "misallocations of resources".

Schaeble pointed out that he did not want to criticise the ECB because it was a structural problem.

Swiss National Bank Governing Board Member Fritz Zurbruegg: the central bank is ready to intervene in the foreign exchange market if needed

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