EU must not raise competitiveness at Germany's cost- Weidmann

[thenews]

European countries should not address their economic weaknesses by "redistributing competitiveness" among them and reducing Germany's strength, but by raising the bloc's competitiveness as a whole, Bundesbank chief Jens Weidmann said on Tuesday.

"It's not about European countries redistributing competitiveness among themselves, it's about Europe as a whole being more competitive," Weidmann told reporters at a news conference with the German and French finance ministers and central bank chiefs.

"It's not about reducing Germany's competitiveness versus the other countries, who would not benefit from it either. Weakening Germany would just weaken the whole the euro zone." (Reporting by Stephen Brown and Annika Breidthardt; Editing by John Stonestreet)

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[techmac]

Interesting point of view : they want a rest of Europe when they don't have problems, otherwise they do not want it? Or they want the rest of Europe only as a duty free zone for their products? Ridiculous ...