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Schaeuble Rebuffs Trichet, Rebukes Bernanke as Germany Diverges

German Finance Minister Wolfgang Schaeuble swiped at European Central Bank President Jean-Claude Trichet and U.S. Federal Reserve Chairman Ben Bernanke, distancing Europe’s biggest economy from policies born of the financial crisis.

Speaking in Berlin today, Schaeuble said the Fed’s injection of $600 billion was “clueless” and won’t revive growth. He said he didn’t share Trichet’s concerns that making investors pay for future euro-area crises risks roiling markets.