EghtesadOnline: European Central Bank President Mario Draghi defended free trade and post-crisis financial regulation at the U.S. Federal Reserve’s Jackson Hole symposium, while avoiding any comments on monetary-policy deliberations or the euro exchange rate.

EghtesadOnline: The euro's 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.