The world could face high inflation and a “crisis after the crisis” when the global economy recovers, Peer Steinbrück, German finance minister, has warned.
The comments, in a weekend interview, are the latest sign of concern from Germany at the extra-loose monetary policies conducted by central banks around the world and the ever-larger fiscal stimuli being unveiled by governments.
“I am concerned that the countermeasures we are seeing around the world, financed by enormous amounts of debts, could be paving the road to the next crisis,” Mr Steinbrück told Bild, a tabloid daily.
“So much money is being pumped into the market that capital markets could easily become overwhelmed, resulting in a global period of inflation in the recovery.”
Mr Steinbrück's warning comes after Angela Merkel, chancellor, told the Financial Times last month that pumping too much money into reviving global growth would create an unstable recovery.
Bill & Chelsea Clinton in NYC Oct 8 $150 open bar with Special musical
performer Marc Roberg of O.A.R
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Special musical performer Marc Roberg of O.A.R . Event starts at 7 pm. You
can buy tickets here. $150 general admission includes open bar. $2500
includes a...
8 年前
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