Current location - Trademark Inquiry Complete Network - Tian Tian Fund - Why do you oppose Germany's austerity monetary policy?
Why do you oppose Germany's austerity monetary policy?

Delacquis, President of the European Central Bank (ECB), and German Finance Minister Wolfgang Schobole were at each other's throats at the annual meeting of the International Monetary Fund (IMF), but German Chancellor Angela Merkel hinted at expanding information and energy expenditure at home, indicating that Germany's budget proposal is beginning to loosen.

Delacquis promised that the ECB would expand its monetary policy again when necessary and "prepare to change the scale/combination of non-traditional interventions", most likely by buying government bonds. He also pointed out that investors do not expect the ECB to raise interest rates until 217. On fiscal policy, he urged countries with the ability to "give full play to their fiscal space."

the IMF has lowered its forecast for the economic growth rate of the euro zone to 1.3% in 214 and .8% in 215. It is estimated that the probability of three economic recessions in the euro zone since the financial tsunami is as high as 4%.

Summers, a former US Treasury secretary who attended the meeting, linked the euro zone with Japan in the 199s. He said, "I believe that Europe is now on this road. Europe focuses on the fiscal deficit, but ignores the investment deficit, resulting in a growth deficit. "

However, German Finance Minister Wolfgang Schopenhauer strongly opposes the American-style quantitative easing policy, and demands continuous "austerity" of the budget. He insisted that "writing a check" alone can never improve the economic growth of the euro zone. He also asked France and Italy to strengthen economic restructuring.

Dutch Finance Minister Dai Songbulun echoed Chopler's proposition and named France and Italy as countries that must transform their economic structures.

German Chancellor Angela Merkel hinted at a press conference held in Berlin on the 9th that she was willing to use government expenditure to stimulate the economy, which may be a response to the criticisms made by various circles at the IMF annual meeting on Germany's strict adherence to "budget balance".

Merkel said that the German government is studying how to encourage investment, especially in the "digital field" and the energy industry, and mentioned strengthening network construction; The energy industry will accelerate the abolition of nuclear energy and expand the scale of renewable energy. The German government will hold a meeting on 14th to discuss economic issues, and will discuss relevant issues at the EU leaders' meeting at the end of October.