Out a short while ago

German fin min addressing parliament still

  • working on revival of high-quality securitization
  • ECB has mostly used up its instruments
  • public money won’t buy growth
  • too much trust in ECB may dampen reform appettite
  • all EU govts must implement policy decisions

Schaueble unsurprisingly on the front foot to his home crowd

EURUSD bouncing from the 1.2860 lows to post 1.2890. GBPUSD challenging 1.6120 again from its own lows of 1.6090