German economy is robust despite global risks – Schaeuble

FXStreet (Mumbai) - The German finance minister Wolfgang Schaeuble was on the wires today stating the German economy is robust despite the global risks.

He added the economy is likely to stay strong next year as well, mainly on account of domestic demand. Once again, the finance minister reiterated that the ECB policy could do little to help an economy when people and states take on too much debt. Schaeuble expects low interest rates to remain in place of a longer period of time.