It’s been a long time since the market has paid attention to Bundesbankers below the level of President Weber. Comments from Board member Sarrazin might get some notice as they go with the grain of the market at the moment and he has recently been in the news for other reason.
Sarrazin says he sees no end in sight to the rise of the euro against the dollar and that dollar weakness is needed to correct the US current account deficit, according to our friends at Market News.
Sarrazin was recently stripped of some of his duties at the Buba for impolitic remarks about immigrants in Germany.
Sarrazin
