German FinMin Schaeuble: Danger of deflation in Eurozone has clearly been dispelled

German Finance Minister Wolfgang Schaeuble gave additional statements, via Reuters, with the key quotes found below:

  • The longer the period of expansive monetary policy lasts the greater the danger of risks
  • We will have wriggle room of around EUR15 bln a year if we pursue a modest fiscal policy in coming years
  • Will have to do something with corp. tax in coming years, partly because of possible tax competition from elsewhere
  • We will promote home ownership in Germany if Merkel's Conservatives win September election

GBP/USD failed to extend the rebound beyond 1.2700

The Sterling keeps the upbeat momentum so far today despite GBP/USD has now retreated from earlier tops beyond 1.2700 the figure to the current 1.2780
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