German Economic Boom in Election Year Puts ECB in Crossfire
- Criticism of ECB stimulus likely in run-up to September vote
- German business confidence highest since records began in 1991
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The European Central Bank is finding out just how hard it might be to avoid the heat in its home country this summer.
In the past few days, Germans have been told that their government will push for the nation to get the next ECB presidency and that monetary policy is the cause of a “too weak” euro. Fresh data on Tuesday bolstered the case for critics who see the euro-area central bank’s stimulus as out of step with the needs of the region’s biggest economy.