BERLIN Jan 12 German Finance Minister Wolfgang
Schaeuble told The European magazine that he favoured a
normalisation of the inflation rate so that the European Central
Bank could gradually withdraw from its 'unusual monetary
Schaeuble said it would be better if Europeans increased
competitiveness by introducing structural reforms.
"A normalisation of the inflation rate is also desirable so
that we gradually get out of the 'unusual monetary policy',"
Schaeuble told the magazine in an interview published on its
website on Thursday.
"You can only exit gradually because the degree of
entanglement is so great that only a very cleverly calibrated
exit is possible without raising the risk of big distortions,"
he said. "I would much prefer it if interest rates were not so
low," he added.
(Reporting by Gernot Heller; Writing by Madeline Chambers;
Editing by Joseph Nasr)