BERLIN (Reuters) - The euro's <EUR=> exchange rate is too low for Germany and the European Central Bank's expansive monetary policy has boosted the German economy's export surplus, Finance Minister Wolfgang Schaeuble said in a newspaper interview.
Schaeuble made the comments after U.S. President Donald Trump's top trade adviser said earlier this week that Germany was using a "grossly undervalued" euro to gain advantage over the United States and its European partners.
"The ECB must make policy that works for Europe as a whole," Schaeuble said in a pre-released interview for Sunday's edition of Germany's Tagesspiegel. "It is too loose for Germany."
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"The euro exchange rate is, strictly speaking, too low for the German economy's competitive position," he said. "When ECB chief Mario Draghi embarked on the expansive monetary policy, I told him he would drive up Germany's export surplus."
"I promised then not to publicly criticise this (policy) course. But then I don't want to be criticised for the consequences of this policy," Schaeuble said.
(Writing by Paul Carrel; Editing by Robin Pomeroy)