(RTTNews) - Friday, German Finance Minister Wolfgang Schaeuble said it would be premature to say that the economy has overcome the crisis, hence, it would be too early to remove stimulus measures now.

“It’s too early to say we’re beyond the crisis,” Schaeuble said in a speech at the European Banking Conference in Frankfurt. Problems in the banking sector are far from being sorted out.

Also on Friday, European Central Bank President Jean-Claude Trichet shared the same view. “The mood in the financial system is one of relief. But as of today, it is too early to declare the crisis over,” Trichet said in speech at the 19th Frankfurt European Banking Congress.

The minister said an expected rise in unemployment is also a main risk for Germany’s recovery. Moreover, he said Germany self-sustainable growth is far away for the country.

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Posted in Categories: Economy, Eurozone, Releases.

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