Reuters logo
ECB's Weidmann rebuffs French calls on euro, growth: Le Monde
August 13, 2014 / 8:37 AM / 3 years ago

ECB's Weidmann rebuffs French calls on euro, growth: Le Monde

PARIS (Reuters) - It is up to each euro zone government to take the right steps internally for growth while monetary policy should not aim at weakening the euro to improve competitiveness, ECB policymaker Jens Weidmann said on Tuesday, rebuffing French calls for more efforts from Germany and the currency area’s central bank.

A picture illustration taken with the multiple exposure function of the camera shows a one Euro coin and a map of Europe, January 9, 2013. REUTERS/Kai Pfaffenbach

Weidmann, who is head of Germany’s central bank and member of the ECB decision-making council, also told French daily Le Monde in an interview that the euro zone was not in a self-perpetuating deflationary scenario. Recovery is weak but inflation and growth should gradually emerge, he said.

Reporting by Ingrid Melander and Brian Love

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below