![Merkel rejects U.S. comments, says Germany cannot influence euro](https://3dwnh01icn0h133s00sokwo1-wpengine.netdna-ssl.com/wp-content/uploads/2016/08/merkel.jpg)
Chancellor
Angela Merkel on Tuesday (January 31) rejected a U.S. trade adviser’s
charge that Germany was using an “undervalued” euro to gain advantage,
saying her government had always called on the European Central Bank to
pursue an independent policy.
“Germany is a country that has always called for the European Central
Bank to pursue an independent policy, just as the Bundesbank did that
before the euro existed,” Merkel told a news conference with Swedish
Prime Minister Stefan Lofven.
“Because of that we will not influence the behaviour of the ECB. And
as a result, I cannot and do not want to change the situation as it is,”
she added.
Peter Navarro, the head of Trump’s new National Trade Council, told
the Financial Times newspaper that the euro was like an “implicit
Deutsche Mark” whose low valuation gave Germany a competitive advantage
over its main partners
source: citizentv kenya