German finance minister speaking in Berlin 23 June
- ECB have a monetary policy that is too loose for us and too tight for others
- only solution to that is better structure for the European currency union
- hopes that under Macron French structural problems will be tackled better so that EZ is not just held together by mon pol
- we should not start a debate about redistribution in Germany, we should invest more in innovation, research and development
Mr Happy with his usual rhetoric but highlighting/repeating, understandably that one size doesn't necessarily fit all.
EURUSD unfazed at 1.1171 and EURGBP 0.8780 as GBPUSD dips into 1.2720 again
I'm out of here now. I wish you good trading and an enjoyable week-end.
Thanks as always for your support, input and tolerance of my continuing to fly solo in this session.
See you all back ere Monday for more fun and games.
