German Finance Minister Steinbrueck Comments

Written April 13, 2009 at 12:39 AM EST by  

German Fin Min Steinbrueck: World economy may encounter high inflation over medium term due to recent increased liquidity; Next crisis in the works due to debt financed ‘countermeasures’ to currenct crisis – newspaper interview

- Says “I definitely reject a central bad bank so nothing’s changed”; Will make announcement on toxic assets after Easter
- Says that placing toxic assets in a single bad bank would put a burden of more than €200B on taxpayers; Sees that as unjustifiable

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