Vladimír Urbánek (Kurzy.cz)
Markets  |  September 04, 2012 09:53:01

Schäuble tempered market expectations about the ECB's decision, Germany approves ESM


Yesterday, on the current situation expressed Angela Merkel and German Finance Minister Schaueble. Merkel to the beer festival in Abensberg said that Germany must be supportive, but reforms must continue incriminated countries. German Finance Minister Schaeuble tried to temper investor expectations ahead of Thursday's ECB meeting, warning that markets should not have too much expectations from the next session. Furthermore, he said that he is very confident that the German Constitutional Court confirms legality rescue fund ESM. Perhaps the most important announcement of his mouth was that the debt can not be financed by monetary policy, which remains in the position that Germany Black Sheep eurozone.

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