They were slightly more dovish than I expected. There is a bit of a conflict between the bank's statement, and the numbers they gave. - Holger Schmieding Quotes
They were slightly more dovish than I expected. There is a bit of a conflict between the bank's statement, and the numbers they gave. Holger Schmieding
 Conflict

More - Holger Schmieding Quotes

Whenever an economy is struggling, one should not raise taxes. New taxes will probably cut growth by 0.3 percent of GDP. - Holger Schmieding Quotes

Whenever an economy is struggling, one should not raise taxes. New taxes will probably cut growth by 0.3 percent of GDP.

Holger Schmieding

 Economy
It is unlikely now that Germany and Italy will move ahead on the crucial issue of dismissal rules. - Holger Schmieding Quotes

It is unlikely now that Germany and Italy will move ahead on the crucial issue of dismissal rules.

Holger Schmieding

 Germany
Germany is reaping the fruits of wage restraint and painful structural reforms. In addition, the change in government seems to have improved the business climate even if Merkel has so far done hardly anything in terms of serious economic reforms. - Holger Schmieding Quotes

Germany is reaping the fruits of wage restraint and painful structural reforms. In addition, the change in government seems to have improved the business climate even if Merkel has so far done hardly anything in terms of serious economic reforms.

Holger Schmieding

 
Faced with an extremely high euro and high wage costs, the companies stepped up their restructuring. When the euro declined last year, they suddenly found they could take on the world quite easily. - Holger Schmieding Quotes

Faced with an extremely high euro and high wage costs, the companies stepped up their restructuring. When the euro declined last year, they suddenly found they could take on the world quite easily.

Holger Schmieding

 
The bank hiked rates aggressively in late 2003 and early 2004 to cool down an economic boom fueled by an explosive rise in house prices, and clearly attained that goal. - Holger Schmieding Quotes

The bank hiked rates aggressively in late 2003 and early 2004 to cool down an economic boom fueled by an explosive rise in house prices, and clearly attained that goal.

Holger Schmieding

 
Still, the precise wording of the ECB statement on Thursday could provide some vital clues. - Holger Schmieding Quotes

Still, the precise wording of the ECB statement on Thursday could provide some vital clues.

Holger Schmieding

 
The hope that Germany would be a shining European example for accelerated reforms has been dashed, - Holger Schmieding Quotes

The hope that Germany would be a shining European example for accelerated reforms has been dashed,

Holger Schmieding

 Example
We may still get a deal but it may not be thorough enough. - Holger Schmieding Quotes

We may still get a deal but it may not be thorough enough.

Holger Schmieding

 
This has weakened his claim to be the one who could lecture other financial ministers on how to run their economies. He should publicly apologize to the IMF staffers whom he scolded last time for being too pessimistic on the U.K. - Holger Schmieding Quotes

This has weakened his claim to be the one who could lecture other financial ministers on how to run their economies. He should publicly apologize to the IMF staffers whom he scolded last time for being too pessimistic on the U.K.

Holger Schmieding

 
Germany does not need abstract economic ideas; it needs labor market reforms. - Holger Schmieding Quotes

Germany does not need abstract economic ideas; it needs labor market reforms.

Holger Schmieding

 Germany
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