Schaeuble Says He'd Prefer Higher Euro-Area Rates
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German Finance Minister Wolfgang Schaeuble said he’d prefer higher interest rates in the euro area, though he recognizes that the European Central Bank has to set monetary policy to fit 19 national economies.
In a speech to a business audience on Wednesday, Schaeuble also said Europe is recognizing that migration is a threat to stability and needs to find joint solutions. This year’s German influx of asylum seekers, estimated by government officials at about 1 million, may help boost the region’s biggest economy in the medium term, he said in Hanover, Germany.