Merkel Warns QE is no Substitute for Economic Reform

Germany’s chancellor made a rare public intervention in the debate about money printing by the European Central Bank on Monday, warning it was no substitute for economic reforms in the euro zone.

Speaking to an audience near Frankfurt that included ECB President Mario Draghi, Merkel said any move by the ECB to buy government bonds with new money should not be used as an excuse to put such reforms on the back burner.

“I have only one plea … and that is aimed at all the representatives of the ECB,” Angela Merkel said at the headquarters of German stock exchange operator Deutsche Boerse.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.