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Debt too high, growth too slow – German FinMin Schaeuble

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 26, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    More comments coming in from the German Finance Minister Schaeuble from the G20 meeting.

    Key Quotes:

    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
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