Merkel Responds To Trump Trade War Charge
by Tyler Durden
ZeroHedge.com
Jan 31, 2017
Following Peter Navarro’s accusations of German manipulation of the euro (and the surge in the EUR relative to the USD), Angela Merkel has responded by explaining implicitly ‘it’s not my fault. Noting that she “can’t change the situation with respect monetary policy” (so blame Draghi), Merkel added she “doesn’t want to influence the euro exchange rate.” EURUSD is dropping a little on her headlines.
Chancellor Angela Merkel, asked about the euro’s exchange rate, says Germany has always supported an independent European Central Bank “which is why we won’t seek to exert influence over the ECB.”
“I neither want to nor can I do something to change the situation.”
The Rest…HERE
