U.S. markets open in 7 hours 50 minutes
  • S&P Futures

    3,837.75
    -4.75 (-0.12%)
     
  • Dow Futures

    30,757.00
    -85.00 (-0.28%)
     
  • Nasdaq Futures

    13,560.50
    +75.00 (+0.56%)
     
  • Russell 2000 Futures

    2,131.90
    -13.90 (-0.65%)
     
  • Crude Oil

    52.97
    +0.36 (+0.68%)
     
  • Gold

    1,847.70
    -3.20 (-0.17%)
     
  • Silver

    25.45
    -0.09 (-0.34%)
     
  • EUR/USD

    1.2167
    -0.0001 (-0.01%)
     
  • 10-Yr Bond

    1.0400
    0.0000 (0.00%)
     
  • Vix

    23.02
    -0.17 (-0.73%)
     
  • GBP/USD

    1.3740
    +0.0008 (+0.06%)
     
  • USD/JPY

    103.6620
    +0.0350 (+0.03%)
     
  • BTC-USD

    31,698.35
    -372.54 (-1.16%)
     
  • CMC Crypto 200

    637.33
    -2.59 (-0.40%)
     
  • FTSE 100

    6,654.01
    +15.16 (+0.23%)
     
  • Nikkei 225

    28,635.21
    +89.03 (+0.31%)
     

Germany's Schaeuble says confidence in the euro has returned

FRANKFURT (Reuters) - Confidence in the euro has returned but the currency bloc must now strive to make economic growth sustainable and cannot rely on central bank support, German Finance Minister Wolfgang Schaeuble said on Friday.

Schaeuble said in a speech to a Bundesbank conference in Frankfurt that, under the euro zone's existing structure, common euro bonds would weaken the incentive for some countries to reform.

On Germany, he said: "Our economy is expected to do well in the next few years ... we need to ensure that our growth is sustainable."

"I am confident that our federal budget for next year will contain no new borrowing," Schaeuble added.

"Confidence in the euro has returned. Europe is no longer the world's greatest concern."

(Reporting by Sakari Suoninen and Eva Taylor; Writing by Paul Carrel; Editing by Catherine Evans)