More from German finance minister Schaeuble:
(His earlier comments are here)
- Public and private debt levels in the world are too high, growth too slow
- Current uncertainties might announce next crisis
- Expansive, debt-financed fiscal policies and accommodative monetary policies in the past only moderately successful in promoting growth
- Expansive fiscal and monetary policies may have laid foundation of next crisis
- present high level of debt and lack of structural reforms hinder sustainable growth
- Most G20-countries need to prudently consolidate their fiscal positions
- Sound finances reduce vulnerabilities to crisis
- The debt financed growth model has reached its limits and causes new problems
- Talks about further stimulus distract from the real tasks
- Monetary policy is extremely accommodative and risks being counterproductive
- Loose monetary policy has serious side effects for banking sector
- Right combination of growth-friendly reforms, fiscal and monetary policies is the right way
- Opposes any G20 fiscal stimulus package
- Cheap oil already gives huge stimulus for demand
And another thing, I don't like this guy at all
More from Schaueble:
- That music is too loud
- The food is too spicy
- Kids of today are lazy
- Get off my lawn
