ECB monetary policy must not offer false stimulus-German Fin Min

BERLIN Thu Nov 21, 2013 3:39am EST

BERLIN Nov 21 (Reuters) - German Finance Minister Wolfgang Schaeuble said on Thursday the European Central Bank's monetary policy must not offer false stimulus and cannot be the only way out of the euro zone crisis.

At an event with the insurance industry, he said supervisory conditions for insurers must be adjusted for a phase of lower interest rates and that the next German government will push at an EU level for steps to help insurers meet their obligations.

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