BERLIN (MNI) – German Finance Minister Wolfgang Schaeuble said
Friday that financial markets are currently not speculating against
individual Eurozone countries but rather are doubting the sustainability
of the European Monetary Union as a whole.
Speaking at a German-Franco conference in Genshagen near Berlin,
Schaeuble observed that the Eurozone is currently in a difficult
situation.
“We are currently in a phase where financial markets are doubting
again if it can be sustainable to have a common monetary policy but not
a common fiscal policy,” he said.
“It is less about speculation against single countries,” Schaeuble
observed.
–Berlin bureau: +49-30-22 62 05 80; email: twidder@marketnews.com
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