Bureau Chief for Germany, Austria, Switzerland
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Feb 11, 2014
Feb 11, 2014
Feb 11, 2014

Schaeuble open to compromise on EU bank fund

BERLIN (Reuters) – German Finance Minister Wolfgang Schaeuble has signaled a readiness to compromise on the contours of a European fund to shut down troubled banks following sharp criticism from the European Parliament.

In an interview with Reuters, Schaeuble stuck to his long-standing position that changes to the EU treaty were necessary if the bloc was to move beyond the inter-governmental approach to “banking union” agreed by European finance ministers in December.

Feb 11, 2014
Feb 11, 2014

Germany’s Schaeuble sees no deflation threat in Europe

BERLIN (Reuters) – Recent turmoil in emerging markets will hit export-oriented European economies but there are no signs the bloc that shares the single currency is headed towards deflation, German Finance Minister Wolfgang Schaeuble said.

Speaking to Reuters as part of a series of interviews with top policymakers across the euro zone, Schaeuble signaled a readiness to help emerging market countries that have seen their currencies sink to multi-year lows in past weeks as part of a broad market sell-off.

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    • About Noah

      "I run the Reuters news operations for Germany, Austria and Switzerland based in Berlin, and write regularly about German politics and European economic issues. I've reported from over 20 countries for Reuters since joining in the mid-1990s, including stints in Paris, London and New York."
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