Global economy faces financial bubble, warns German finance minister
September 12 , 2015
Germany’s finance minister Wolfgang Schaeuble has warned that the global economy was facing a financial bubble as central banks were pumping cash into economies.
Indicating that central bank action was not a substitute for economic reforms, he said there was a need to "take...lessons" from the last crisis.
The European Central Bank (ECB) launched its bond-buying scheme worth €1.1 trillion earlier this year to shore up the eurozone economy.
Germany is one of Europe’s strongest economies.