German Minister of Finance Schaeuble says EUR too low for Germany

Plays the deep (& ingenuous) game does Wolfgang Schaeuble, German Finance Minister

• "The euro exchange rate is, strictly speaking, too low for the German economy's competitive position"
• "When ECB chief Mario Draghi embarked on the expansive monetary policy, I told him he would drive up Germany's export surplus"

Schaeuble speaking in a newspaper interview, more

Countries winning with a trade surpluses are a new global political target, success on this metric is attributed by the losers to currency manipulation. Schaeuble trying to dodge criticism of Germany's huge trade surplus ... ain't my fault!