Germany Warns of Looming Financial Crisis

"Economists all over the world are concerned about the increased risks arising from the accumulation of more and more liquidity and the growth of public and private debt", Schäuble said.

In an interview with the Financial Times he said the risks across the Eurozone are still "too high" and need to be reduced. The German, who has agreed to become the chairman of the German Bundestag, has also warned of the bubbles created in the new economies, thanks to the pouring of money from the central banks.

Wolfgang Schaeuble, Germany's departing finance minister, has warned of "bubbles" in the economy.

The politician has been strongly advocating fiscal rectitude, being a key influence to the continent's policy response to the euro zone debt crisis.

Schaeuble positively assessed the "vigorous initiatives" of French President Emmanuel Macron on reforming the European Union economy and advocated a policy of austerity.

The outgoing finance minister is expected to assure his European counterparts on Monday that the rise of the Alternative for Germany (AfD), which won 12.6 percent of votes for the German parliament last month, will not affect Germany's commitment to a liberal democracy.

Like this



09 October 2017
Tornado reported in NC mountains as Nate remnants hit and WHKY Radio, 1290 AM and 102.3 FM will provide updates as information becomes available Monday morning (October 9). Heavy damage was also reported near Pickens, South Carolina from a "likely tornado", officials said.

09 October 2017
CDC changes guidelines for vaccinating children against flu this year
Many people with diabetes don't get a seasonal flu shot each year, according to the American Association of Diabetes Educators. Peter and Madelia - recently earned honors from the state for having more than 90 percent of its staff vaccinated past year .

09 October 2017
Reliance Jio leads in 4G download speed with 18.433 mbps: TRAI
Reliance Jio offers a download speed up to 18.433Mbps, which is much higher than other three telecom operators. The 4G peak download speed registered by Idea in August was 8.833Mbps, down from 9.464Mbps in July 2017.

09 October 2017
Ballon d'Or nominees: Neymar, Dybala among first names released
The next announcement will be at 11:00, followed by further confirmations at 13:00, 16:50, 17:35 and 18:15. Two players from Real Madrid feature, with left-back Marcelo and Luka Modric in contention.

09 October 2017
There are Some Changes Coming to the Driving Test from 4th December
If you've ever dreaded the reverse around the corner manoeuvre then you're in luck - it will be scrapped under the new test. You'll still need to pass your test if you make no more than 15 driving faults and no serious or unsafe faults.

09 October 2017
Liverpool's Lallana key link player for England, not Dele Alli - Southgate
In what will be good news to Tottenham fans, Spanish giants Real Madrid are reportedly prioritizing a summer move for Chelsea star Eden Hazard ahead of Spurs star Dele Alli .

09 October 2017
California, primer estado en declararse "santuario" de migrantes
Varias ciudades de California (como Los Ángeles y San Francisco) ya habían prohibido a sus policías colaborar con el ICE en operativos para capturar indocumentados .

09 October 2017
Bosnia beaten in classic by Belgium, big boost to home nations
The Azzurri will attempt to return to winning ways in Albania today following Friday's poor 1-1 draw against Macedonia in Turin. Nine minutes later, Jan Vertonghen used a great mistake made by the BiH team to put the visitors in lead again.

09 October 2017
Five people, including three Hazaras, killed in firing incident in Quetta
The gunmen escaped unhurt after carrying out the attack, which appears to be an act of targeted killing, police officials added. Police and other law enforcement agencies personnel reached the site after the incident and started an investigation.

09 October 2017
United Kingdom consumer spending spikes up in September, but trend gloomy: Visa
Household spending declined again in September, throwing cold water on hopes of a recovery after a slight uptick in August. There was lower spending across Transport & Communication which fell by 6.4% and across Household Goods down 2.6%.