America’s president complains that the euro zone’s monetary policy is unfair
MARIO DRAGHI was certainly hoping for a reaction when he stood up to speak at the annual conference of the European Central Bank in Portugal on June 18th—but perhaps not from the world’s most powerful man. Mr Draghi announced that the ECB stood ready to ease monetary policy if the euro area’s economy did not improve. Hours after he returned to his seat, President Donald Trump denounced him on Twitter for “making it unfairly easier for them to compete against the USA”.
The market reaction riled Mr Trump: unusually, he singled out “Mario D” for attack. But he has complained about a weak euro before. In July last year he blamed both the EU and China for manipulating their interest rates and exchange rates. Accusations that central banks engage in competitive devaluation are not new, and have even been lobbed at America in the past.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Donald Trump: President dishes on Lincoln, Nixon and Obama in interview
Consulte Mais informação »
Israel names small Golan Heights settlement after Donald Trump
Consulte Mais informação »