Schaeuble Warns of ‘Economic Disaster’ With Euro Risk-Sharing
- Mutual risk without policy levers is ‘wrong construction’
- Greek bonds rise as Schaeuble says he sees deal on aid tranche
Germany's Schaeuble on Trump, Brexit, EU Reforms
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German Finance Minister Wolfgang Schaeuble said “economic disaster” would threaten the euro area if financial risk were shared without having joint policy-making tools in place.
“If you separate the risk-taking from the decision competence, you get bad results,” Schaeuble said in a Bloomberg interview on Tuesday. “This is an old economic lesson -- you must never forget it.”