German FinMin Schaeuble: Protectionism is never the right answer for world economy

Germany's Finance Minister Wolfgang Schaeuble crossed the wires, via Reuters, suggesting that the protectionism is not the right answer for the world economy.

Key quotes:

• World is still feeling effects of financial crisis, can't exclude further turbulence
• Ultra-loose mon. policy could raise new risks, need to exit in a timely manner
• Confused by those who say Germany is unfairly manipulating mon. policy