Germany's finance minister has launched a fierce attack on the US Federal Reserve, saying its decision to pump more money into the economy would create extra problems for the rest of the world."I don't think that the Americans are going to solve their problems with this, and I believe that it is going to create extra problems for the world," Wolfgang Schaeuble said on ARD public television late Thursday."We are going to discuss this in a critical fashion with our American friends both in bilateral talks and of course at the G20 summit in South Korea next week," he said.
Berlin (AFP) - German Finance Minister Wolfgang Schaeuble said Sunday the European economic and monetary affairs commissioner should have veto powers over national budgets that breach eurozone criteria.
The Federal Reserve has ended the third installment of its bond-buying, or quantitative easing (QE), program – which marks the end of a historic experiment it undertook in the wake of the 2008 financial crisis.
The first round of purchasing bonds was initiated by the central bank in 2008 to stabilize the financial system. The second installment, which lasted only a few months, and the third one which began in 2012, were aimed at boosting growth and bringing down the unemployment rate.
Banda Aceh (Indonesia) (AFP) - Gay sex could be punishable by 100 lashes of the cane in Indonesia's staunchly conservative Aceh province if parliament passes a draft law that critics say violates basic human rights.