Merkel: Germany committed to independent ECB

The transcript discusses the importance of the European Central Bank (ECB) maintaining an independent policy, similar to the Bundesbank before the Euro. It emphasizes that there will be no influence exerted on the ECB's behavior. Additionally, it highlights the effort to remain competitive in global trade through fair competition with other countries.

What was the role of the Bundesbank before the Euro was introduced?

• It advocated for an independent monetary policy.

• It managed the European Union's budget.

• It was responsible for setting the Euro exchange rate.

• It controlled the fiscal policies of European countries.

Why does the speaker mention not wanting to change the current situation?

• Because they have no influence over the European Central Bank.

• Because the current policies are perfect.

• Because they are waiting for a new government.

• Because they want to change the policies later.

What is the speaker's approach to global trade?

• To collaborate with only a few selected countries.

• To dominate the market with aggressive pricing.

• To avoid competition by focusing on local markets.

• To compete fairly with competitive products.