Germany'S Actions Have Made Euro Zone Economic Stability.

German finance minister Schauble (Wolfgang Sch? Uble) recently publicly refuted the international community's criticism of Germany's budgetary policy, and warned Germany that it could not save billions of dollars in social welfare projects to save the global economy.

At a joint news conference in Washington, Schauble said: "we are not the cause of global economic problems. This is a totally wrong discussion."

He also said he did not see the world.

There has been a significant deterioration. Germany's actions have stabilized the euro zone economy and called on governments and central banks to implement a "sustainable" policy.

Wall Street has seen reports that German politicians attacked the European Central Bank's low interest rate policy for weeks.

Schauble even publicly stated that the low interest rate easing policy of the European Central Bank partly led to the rise of the right-wing parties in the country.

When asked again about this problem, he seemed to have a mild tone, but it was still spicy.

He said that very low interest rates and even negative interest rates created insecurity among the Germans, which will appear in the general election, but this is not the ECB's fault. Delagi is just trying to solve a problem he can not solve.

On the other hand, he also made a statement on the Greek rescue plan on Friday, warning that if there was no involvement of IMF, the Greek rescue plan reached last year will be broken and will not be carried out in Greece.

In response to Lagarde's debt relief requirements.

Lagarde, President of IMF, yesterday questioned whether Greece could meet the target of maintaining the budget deficit at 3.5% of GDP, and warned that without meaningful long-term debt relief, it would not be able to participate in the bailout of Greece, and might merely act as a coordinating role in the rescue plan without providing practical financial support.

Schauble responded that the issue of debt relief was only a disturbance to other important reform needs and was "unnecessary".

He also said that without IMF participation, a 86 billion euro rescue plan reached last year could not be carried out.

In the face of other government concerns to stimulate economic growth, Germany has chosen to restrict government spending and restrict easing policy, which seems to be somewhat out of tune in the policy circles of the euro zone. In addition, Germany's insistence on its refusal to reduce Greek debt has been repeatedly opposed by IMF.

Yesterday, Reuters reported that Germany's major economic think-tank Thursday also for Europe.

It argues that the German government should not criticize the ECB, but instead should focus on its role in supporting growth.

In the spring report, these think tanks said the ECB policy is "fundamentally appropriate", given that inflation and output in the euro area are still very low.

"The savings that can be saved can be used for additional government expenditure, which is constrained by European debt requirements. These expenditures were not possible," they said, and Germany itself also benefited to a large extent.

However, Germany's anxiety does not seem to be without reason.

Last Friday, the daily newspaper released by German central bank showed that the average yield of German debt fell to 0, the first time in history.

The 7 - year German bond yield is also down to negative, and the 10 - year German bond yield was only 0.11% on Friday.

In March this year, the European Central Bank carried out a new round of loose policy. It not only reduced interest rates to -0.4%, but also expanded the size of the monthly purchase debt from 60 billion euros to 80 billion, while putting corporate bonds into the scope of asset purchase, and also planned to start the four year TLTROs long-term liquidity operation.

Wiedemann, President of the Bundesbank, said the ECB's policy was overdone.

A few weeks ago, the president of the European Central Bank, Delagi, praised a more extreme easing policy as "interesting", which triggered a strong attack in Germany.

Not only is it one of the factors that promote the rise of right-wing parties, but also by German pport minister Alexander Dobrindt, which is a dangerous route for the public to raise the retirement reserve.

Wiedemann had to stand up to defend the ECB policy.