The criticism against Germany is justified, according to German FinMin Wolfgang Schaeuble, stressing, however that “if all the Eurozone countries grew as much as Germany right now, there would be no problems”.

In an interview in newspaper Berliner Morgenpost, Mr. Schaeuble admits that “Germany must do more for its competitiveness”, reiterating that the situation the Eurozone finds its economy in will be discussed with his French counterpart in Berlin, on Monday.