Merkel: ECB policy not yet back to where we want it

Record ID: 898968

  • Title: Merkel: ECB policy not yet back to where we want it
  • Date: 11th July 2017
  • Summary: MUNICH, GERMANY (JULY 11, 2017) (REUTERS) GERMAN CHANCELLOR ANGELA MERKEL, SPEAKING (SOUNDBITE) (German) GERMAN CHANCELLOR ANGELA MERKEL, SAYING: "We have found a way out of the national debt crisis by joint effort. But in regards to the monetary policy of the European Central Bank we're not yet back where we want to be one day. But the good news is that all euro zone member states are growing again. Millions of new jobs have been created, encouraging us that we're on the right path." AUDIENCE (SOUNDBITE) (German) GERMAN CHANCELLOR ANGELA MERKEL, SAYING: "And it cannot be stressed often enough: global challenges demand global answers. An interconnected world needs a joint approach to problems." MERKEL SPEAKING (SOUNDBITE) (German) GERMAN CHANCELLOR ANGELA MERKEL, SAYING: "What we've seen in the United States, we've seen in many other countries. Therefore, we cannot speak about just growth, but inclusive growth. And as you have said, social market economy offers us a good basis for globalisation to be a chance for everybody." MERKEL SPEAKING
  • Embargoed: 25th July 2017 14:40
  • Keywords: Merkel G20 U.S. globablism
  • Location: MUNICH, GERMANY
  • City: MUNICH, GERMANY
  • Country: Germany
  • Topics: Government/Politics
  • Reuters ID: LVA0016P9VWP3
  • Aspect Ratio: 16:9
  • Story Text: The European Central Bank's monetary policy is not yet where Germany would like it to be, German Chancellor Angela Merkel said on Tuesday (July 11), after years of ultra-loose measures designed to keep the euro zone afloat.
    In a rare comment on the ECB's policy, which the German government frequently stresses is set independently, Merkel said it was important to make Europe fit again.
    "We're not yet back where we want to be in terms of the ECB's monetary policy," she told Bavarian industry representatives. "The good news is that all euro zone member states are growing again. Millions of new jobs have been created, encouraging us that we're on the right path."
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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