Holger Schmieding Last Quotations

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.

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.

The last 24 hours were the worst setback for reform hopes in Europe in a long time.

Slow growth last year is still affecting the labor market.