A questionable lecture to the world
During his eight-year tenure as German finance minister, Wolfgang Schauble was not known for holding back in lecturing other countries for their wayward economic policies. If one had any doubts on this score, one only need ask any recent finance minister from Greece, Italy, Portugal or Spain who has been on the receiving end of his periodic dressing downs about profligate economic policies.
So it should have come as no surprise that he now leaves his post with a moralizing lecture to the world’s economic policymakers. This time his lecture has been about the shortcomings of the monetary policies of the world’s major central banks and the dangers that lie ahead for the world economy as a result of those policies.
