German Chancellor Angela Merkel suggested that the euro was too low for Germany but made clear that Berlin had no power to address this ‘problem’ because monetary policy was set by the independent European Central Bank (ECB).
Merkel: Euro is too low for Germany
China's central bank said on Tuesday that it will extend a preferential scheme for some banks that will free up additional funds for lending, as long as they channel money to weaker, cash-starved sectors of the economy.
China offers banks lure of lower reserves
Japan logged its first trade deficit in five months in January, official data showed on Monday, as higher energy prices overwhelmed slower growth in exports due to the lunar new year.
Japan returns to trade deficit in January
In May, Greece will start its eighth year as a patient in the hospital for financially wounded eurozone countries. Having joined Europe’s currency union in January 2001, and having received the first of three rescues worth a combined €260 billion in May 2010, the country is on course for a fourth aid transfusion next year.
Greece as sick as ever
The standoff between Greece and its creditors has escalated, with the embattled Athens government vowing it will not give in to demands for further cuts as data showed the country’s economy unexpectedly contracting.
Greece defies creditors over more cuts as economy shrinks unexpectedly

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