Oct 9, 2017

CNBC | Oct 9, 2017 | Global financial crisis looms as 'new bubbles' begin to emerge, says outgoing German finance minister |


  • Schaeuble, who is poised to become speaker of the Bundestag in Germany's new government, warned that "new bubbles" could soon emerge after central banks pumped trillions of dollars into financial markets.
  • Schaeuble has long been the most pro-European politician in Chancellor Angela Merkel's cabinet and was a key influence to the continent's policy response to the euro zone debt crisis.
German Finance Minister Schaeuble's replacement will not have his political experience from CNBC.