Schaeuble: The danger of deflation in eurozone has clearly been dispelled

Comments from the German finance minister

That may be true, for now.

But what if the euro rallies 20%? Surely if the ECB shares the same view, it means the start of a series of rate hikes.

I believe we're in a deflationary world. Everything can be done cheaper than ever before because of technology and globalization. A strong economy masks that because people are more willing to overpay but that doesn't last.